{"id":63333,"date":"2022-06-23T10:08:58","date_gmt":"2022-06-23T07:08:58","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=63333"},"modified":"2025-09-05T23:26:58","modified_gmt":"2025-09-05T20:26:58","slug":"binance-to-support-ethereum-and-tezos-network-upgrades","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/binance-to-support-ethereum-and-tezos-network-upgrades\/","title":{"rendered":"Binance to support Ethereum and Tezos network upgrades"},"content":{"rendered":"<p>The cryptocurrency exchange Binance said it would support updates to the Ethereum and Tezos networks. The <a href=\"https:\/\/blog.ethereum.org\/2022\/06\/16\/gray-glacier-announcement\/\">Gray Glacier<\/a> and <a href=\"https:\/\/forum.tezosagora.org\/t\/jakarta-2-ptjakart2\/4508\">Jakarta 2<\/a> upgrades are scheduled for June 30 and June 27 respectively.<\/p>\n<p>In the Ethereum blockchain, the update will be activated at block height <a href=\"https:\/\/etherscan.io\/block\/countdown\/15050000\">#15 050 000<\/a>. Given current network conditions, this will occur on June 30 at approximately 12:05 Kyiv\/Moscow time. One hour before the code implementation, Binance will suspend deposits and withdrawals in ETH and ERC-20 tokens.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> will support the Ethereum Network <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> upgrade.<a href=\"https:\/\/t.co\/q8RGUQFh9e\">https:\/\/t.co\/q8RGUQFh9e<\/a><\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1539799827822784513?ref_src=twsrc%5Etfw\">June 23, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The Gray Glacier <a href=\"https:\/\/forklog.com\/en\/news\/ethereum-developers-push-back-activation-of-the-difficulty-bomb\">delays the activation<\/a> of the &#8216;difficulty bomb&#8217; by 700,000 blocks, or roughly 100 days. This mechanism deterministically sets the block number at which network difficulty increases under the Proof-of-Work algorithm, and thus reduces miner rewards.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;From a coercive standpoint, I don&#8217;t feel the mechanism actually works well. This is illustrated by forks that are aimed exclusively at the bomb. We&#8217;re going to make a third one already,&#8221; he said.<\/p>\n<\/blockquote>\n<p>Edington noted that delaying the activation of the bomb will not significantly affect The Merge timelines. Earlier Ethereum co-founder Vitalik Buterin named August as the most likely time to move to PoS.<\/p>\n<p>Tezos Jakarta 2 upgrade will be activated at block height #2 490 369. According to Binance, this will occur on June 28 around 02:27 Kyiv\/Moscow time. One hour before the fork the platform will also suspend deposits and withdrawals in XTZ.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/twitter.com\/hashtag\/Binance?src=hash&#038;ref_src=twsrc%5Etfw\">#Binance<\/a> will support the <a href=\"https:\/\/twitter.com\/tezos?ref_src=twsrc%5Etfw\">@tezos<\/a> <a href=\"https:\/\/twitter.com\/search?q=%24XTZ&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$XTZ<\/a> network upgrade.<a href=\"https:\/\/t.co\/o8h4hg63dJ\">https:\/\/t.co\/o8h4hg63dJ<\/a><\/p>\n<p>\u2014 Binance (@binance) <a href=\"https:\/\/twitter.com\/binance\/status\/1539853083521548290?ref_src=twsrc%5Etfw\">June 23, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The upgrade <a href=\"https:\/\/forum.tezosagora.org\/t\/jakarta-2-ptjakart2\/4508\">is intended<\/a> to fix two &#8220;critical bugs&#8221; found in the Jakarta protocol. The latter should increase network throughput through the implementation of L2 solutions with Optimistic Rollups.<\/p>\n<p>In June, Tether <a href=\"https:\/\/forklog.com\/en\/news\/tether-launches-usdt-on-tezos-network\">launched the stablecoin USDT<\/a> on the Tezos blockchain.<\/p>\n<p>Read ForkLog&#8217;s Bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency exchange Binance said it would support updates to the Ethereum and Tezos networks.<\/p>\n","protected":false},"author":1,"featured_media":63334,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[744,46,1722],"class_list":["post-63333","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-binance","tag-ethereum","tag-tezos-xtz"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63333","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=63333"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63333\/revisions"}],"predecessor-version":[{"id":63335,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/63333\/revisions\/63335"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/63334"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=63333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=63333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=63333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}