Binance has confirmed it will handle all technical requirements for the upcoming Near Protocol network upgrade and hard fork, ensuring traders can continue operating without disruption.
The process is set to begin on August 18, 2025, at 04:00 CEST. An hour earlier, deposits and withdrawals on the NEAR network will be paused. Trading of NEAR tokens will remain available throughout the upgrade.
According to Binance, no action is required from users, and transfers will resume once the network is stable. The exchange will not issue further updates unless necessary.
Near Protocol, known for its low fees and high scalability, carries out upgrades to enhance performance, strengthen security, and introduce new capabilities.
Binance’s role is to streamline the transition so users can avoid the technical complexity often associated with such events.
The upcoming upgrade also reflects the competitive pace of development within the blockchain sector, where protocols are under constant pressure to improve user experience and stay ahead in scalability, interoperability, and security.
For Near Protocol, regular enhancements help maintain its position as a strong contender in the high-performance blockchain space, appealing to both developers and end-users.
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Source: https://coindoo.com/near-protocol-set-for-major-upgrade-as-binance-handles-all-technical-steps/