South Korea’s leading exchange Upbit announced a temporary suspension of deposits and withdrawals for the Pocket Network (POKT) token to facilitate a major on-chain upgrade. The halt commenced at 09:00 UTC on August 12, with the exchange advising users to finalize any POKT transactions prior to the shutdown. This measure is a standard industry practice to protect user assets during critical network transitions and to ensure block propagation integrity.
Pocket Network is a decentralized data relay protocol that enables Web3 applications to access blockchain data through a network of node operators. The upcoming upgrade targets improvements in scalability, reducing latency for data retrieval, and enhancing security measures such as state sync verification. While specific technical details have not been publicly disclosed, similar upgrades in the past have included protocol optimizations and consensus layer enhancements to support higher throughput.
Upbit emphasized that the suspension is temporary and that user funds remain fully secure. Deposits and withdrawals will resume once the network upgrade is validated and stable, with notifications issued via the exchange’s official channels. Users are encouraged to monitor Upbit’s announcements and verify deadlines in their local time zones to avoid unprocessed transactions. Failure to complete transactions before the cutoff may result in delays until services are restored.
The broader crypto community views the upgrade as a positive step toward long-term network sustainability. Improved performance and enhanced security are expected to attract a larger developer ecosystem and drive adoption for decentralized applications reliant on Pocket Network’s infrastructure. Exchanges frequently coordinate such maintenance windows to align with protocol upgrade schedules and minimize user impact.
Looking ahead, Pocket Network’s node operators will implement the upgrade in a staged manner, including testnet validation followed by mainnet rollout. Community members and third-party analytics providers will monitor on-chain metrics such as block times and transaction success rates to assess the upgrade’s effectiveness. Upbit has pledged to provide timely updates on progress and expected service restoration timelines. Users are advised to plan accordingly and leverage alternative networks or tokens if immediate access to blockchain data is required.
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