- Terra Classic will undergo a network upgrade on October 20, with Binance temporarily pausing deposits and withdrawals.
- Trading continues normally, and users don’t need to take any action.
Binance has confirmed its support for the upcoming Terra Classic (LUNC) network upgrade, set to roll out on October 20. This update marks another significant step in the ongoing development of Terra Classic, aimed at improving network performance and security.
Temporary Service Adjustments on Binance
To ensure a smooth upgrade, Binance will temporarily suspend LUNC deposits and withdrawals. The maintenance window is scheduled to begin at 4:45 PM, with the network update going live about an hour later when block height 25,619,230 is reached.
Binance reassured users that all backend operations will be handled internally. This means there is no action required from users during the upgrade. Deposits and withdrawals will automatically resume once the network stabilizes, eliminating any need for further announcements.
Importantly, trading on Binance will continue as normal, including both spot and futures markets, so users can maintain their positions without interruption.
What This Upgrade Means for Terra Classic
The latest Terra Classic update focuses on enhancing the blockchain’s security measures and improving overall network efficiency. By addressing performance bottlenecks and strengthening transaction security, the update ensures a smoother experience for both developers and LUNC holders.
This upgrade also reflects Terra Classic’s ongoing commitment to technical evolution and resilience, as the project continues to maintain relevance in the evolving cryptocurrency ecosystem.
Key Takeaways for LUNC Users
- Deposits and withdrawals will be temporarily halted around 4:45 PM on October 20.
- Trading will continue unaffected during the upgrade.
- Users do not need to take any manual action.
- Once the network stabilizes, deposits and withdrawals will automatically reopen.
- The upgrade improves performance, security, and network reliability.
As Terra Classic moves forward with this update, the blockchain demonstrates its ability to evolve while minimizing disruptions to its user base. Binance’s proactive measures ensure that LUNC holders can benefit from enhanced network functionality without worrying about service interruptions.
ALSO READ:Terra Classic: Revival or Relic? What LUNC’s Price Tells Us in 2025
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