Terra Upgrades Network Tonight, Transactions Temporarily Suspended

Bittime - Terra announced that it will be upgrading its network tonight. Read this article to find out the full news!

Terra Upgrade Schedule

This Terra upgrade is scheduled to be carried out at block height 11550000, which is expected to occur on August 8 2024 at 21:18 WIB. During this upgrade period, transactions on the Terra network will be temporarily suspended.

Users are also expected to prepare themselves and avoid carrying out important operations or transactions during this time. This is to ensure that there are no retained funds or failed transactions during the upgrade period.

Read Also: After a disruption, Terra is back in operation after an emergency update

Transaction Temporarily Suspended

As mentioned, during the network upgrade, all transactions on the Terra network will be suspended. This means that sending and receiving LUNA tokens or other assets on the Terra network will not be processed until the Terra upgrade is complete. 

This temporary suspension is a common step taken by many blockchains during upgrades to ensure that changes to the network can be implemented safely and effectively without any disruption that could harm users.

Network Security During Terra Upgrade

Terra has ensured that this upgrade is carried out safely. However, as with all blockchain upgrades, there are certain inherent risks, such as the potential for technical issues or other glitches. Users are also advised to remain alert and follow the latest developments from the Terra team via official social media.

Meanwhile, for developers and users of DApps built on the Terra network, it is important to ensure that their applications are compatible with the new version of the network after the upgrade. This may require some adjustments to the code or application configuration to ensure that everything runs smoothly once the network is back up and running.

Read Also: Terra Extends Deadline for Terra Loss Claims

How to Buy Crypto with Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime. over is one of the best crypto applications in Indonesia which is officially registered with Bappebti. 

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Monitor graphic movement price Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.