Polkadot Latest Updates: Network Enhancement Fuels Ambitions for Greater Scalability and Enhanced Security
Bitget, a prominent platform for cryptocurrency trading, has revealed that it will back the
This network enhancement has led several exchanges to adopt similar safety measures. South Korean platforms Bithumb and Upbit have likewise suspended DOT deposits and withdrawals from 3:00 a.m. UTC on November 4, according to a
This migration is part of a larger initiative to upgrade the Polkadot ecosystem. Astar Network, an important smart contract platform within Polkadot, has also announced it will move DOT balances, staking, and governance features to its Asset Center between November 3 and 7, as per an
For users, these temporary limitations require planning around transaction schedules. Exchanges recommend completing any urgent DOT transfers before the suspension begins. Services will be restored once the migration is complete and the network is stable. Bitget has stated it will provide updates through its official channels, while Bithumb and Upbit encourage users to check their platforms for information on when services will resume.
These upgrades highlight Polkadot’s dedication to improving scalability and security, supporting its mission for a decentralized internet. By moving to the Asset Hub and Asset Center, the network seeks to simplify operations, improve compatibility, and foster future advancements.
Bitget, which caters to more than 120 million users worldwide, emphasized its contribution to expanding crypto adoption through partnerships and educational programs. Its involvement in the Polkadot upgrade further cements its status as a major force in the Web3 ecosystem.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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