Are you ready for the new Ethereum update?
People have been talking about Ethereum’s hardfork for a while in the crypto environment. After its postponement due to the detection of a vulnerability in the code, the anticipated update could happen 200,000 blocks after its first scheduling, and it is now planned to happen in the block 7,280,000, which is expected for February 28th.
This platform assures once again our support to the projects that, having good ideas and huge community follow-up, produce this really interesting environment where we are. Two updates will systematically take place on the block 7,280,000 day, the well-known Constatinople and another update named Petersberg that will remove the vulnerability that previously prevented the arrival of the referred hardfork. In order to safeguard the assets placed in Panda Exchange, we will take preventive measures during the hardfork arrival as we previously informed.
ETH and ERC-20 Tokens withdrawals and deposits will be suspended
We remind our users that 2 hours before the hardfork takes place, the operations including ethers or any ERC-20 token in our platform will be suspended, these operations will be available when the network gets stable after the hardfork.
At the beginning, new cryptocurrencies are not expected to appear during this fork confirmation in the Ethrereum blockchain, nevertheless, we confirm that Panda Exchange will not support any cryptocurrency that could be accidentally created during this event. Is you wish to have your ETH or your tokens available during Constantinople arrival, we invite you to take the necessary measures regarding our stance in this event.
We would like to point how Ethereum and several tokens based on it are an important part of our platform since they are cryptoassets in our extensive portfolio, and we emphasize that we will make the necessary technical modifications in order to join the update.
We invite you to keep an eye on the updating during and after its completion in order to know at first hand the moment to retake operations with these cryptoassets in Panda Exchange.
Panda Exchange Team
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