Binance's support for the Optimism network upgrade aims to improve performance and user experience.

On January 10, 2025, at 2:00 (UTC+8), Binance Announce Its support for the optimism movement (O.P) Network upgrade and hard fork. To facilitate the upgrade, Binance will pause token deposits and withdrawals on the OP network starting at 1:00 (UTC+8) on the same day.

OP network upgrade is designed to improve network user experience, scalability and overall performance. Binance has assured users that trading of tokens supported by the OP Network will not be affected during this period.

A major update or modification to a blockchain network protocol that is not backward compatible is known as Solid fork. This means that all network participants must update their software to the latest version to continue participating in network activities. Hard forks often resolve security vulnerabilities, introduce new features, or enhance the scalability and efficiency of the network.

Hard forks have historically played a pivotal role in the development of blockchain technology. For example, the "merge" converted Ethereum to a file Proof of stake Consensus Mechanism, while the London Update introduced EIP-1559, which replaced the traditional auction-based fee model with a base fee that is burned (removed from circulation) and an optional priority fee (tip) for faster transactions. This improved the predictability of gas fees and added a deflationary element to Ethereum (Ethereum) supply.

These improvements highlight the importance of continuous innovation and security in blockchain networks.

Users should note that deposits and withdrawals on the OP Network will be temporarily suspended starting at 1:00 (UTC+8) on January 10, 2025. To avoid any inconvenience, users are advised to complete the necessary transactions in advance. Binance will handle all the technical requirements for the upgrade, ensuring a seamless experience for users. Deposits and withdrawals will resume automatically once the network stabilizes, with no further announcements required.

Users are also encouraged to Binance To keep up with the upgrade and be sure to read Official promotion announcement By OP's network too. To get the latest information. Users are also warned to beware of any fraud or false information related to the upgrade.