Firo Network Upgrade Starts On Binance

  • There will be sufficient time given for deposits of XZC to be processed. Full priority will be given to the cut off time
  • The deposits and withdrawals for XZC will reopen once the upgraded network becomes stable

After Lelantus, Binance will use the Firo to support network upgrade and hard fork. However, the deposits and withdrawals services will be suspended for some time till the process is completed. 

Binance will support XZC (Firo) network upgrade and hard fork. The network block height of 336,888. The network will be upgraded at approximately around 14th January 2021 at 00:18 AM (UTC). 

- Advertisement -

For the time being the deposits and withdrawals services might be suspended, beginning from 13/01/2021 round 22:00PM (UTC). However, the buying and selling at Binance will now no longer be affected because of the upgrade. 

There will be sufficient time given for deposits of XZC to be processed. Full priority will be given to the cut off time. Binance will handle all technical requirements till the time for upgrade is processed. Holders using XZC through Binance accounts will not have to worry for the transaction activities. 

There will be no new token creation due to the upgrade activity organised at XZC at network upgrade and hard fork. It is not known yet when the transactions will start at the XZC network. The deposits and withdrawals for XZC will reopen as soon as the upgraded community turns into stable. It will not notify the users for further announcements.

Recently in a release by Lelantus, the activation of Lelantus on Firo is likely to happen by 14th January. Lelatnus is a pioneered name in blockchain privacy. It will also bring the highest level of security with practical privacy without compromising on truthfulnesstruthlessness. 

Lelantus also high up the anonymity sets of 2^16 (65,536) or more with a utilization of optimization and batching techniques that bring the average cost of verification of lelantus proofs down to under 15-50ms. Privacy is of utmost importance for the company and if the individuals use privacy features, the more private everyone’s transaction remains. For securing privacy, there are certain details that needthat are need to be implemented and they are as important as the underlying technology in securing users’ privacy. 

This is the reason Lelantus brings a significant step in encouraging the use of privacy technology of Firo. 

Join The Coin Republic’s Telegram Channel for more information related to CRYPTOCURRENCY NEWS and predication.

How useful was this post?

Click on a thumb to rate it!

We are sorry that this post was not useful for you!

Let us improve this post!

Tell us how we can improve this post?

Download our App for getting faster updates at your fingertips.

Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.

Similar Articles



Please enter your comment!
Please enter your name here

We Recommend

Top Rated Trading Platforms

Top Rated Cryptocurrency Exchange

Top Rated NFT Market

Australia's Top Rated Exchange

Top Rated Cryptocurrency Payment Service

Our Partners