Binance will temporarily suspend deposits and withdrawals of Tokens on the Polygon network from 21:00 on July 10, 2025, to facilitate system upgrades.
Polygon PoS will conduct the Heimdall v2 hard fork upgrade on the same day, aiming to improve the architecture and shorten transaction confirmation times to 5 seconds.
MAIN CONTENT
Binance stops the service of depositing and withdrawing Polygon Tokens from 21:00 on July 10, 2025, for network upgrades.
The Heimdall v2 upgrade is the most complex hard fork since the launch of Polygon PoS in 2020.
Improvements reduce transaction confirmation time to about 5 seconds and limit the maximum number of reorganized blocks to 2.
When will Binance temporarily suspend the deposit and withdrawal services for Polygon Tokens?
Binance officially announced on July 9, 2025, that from 21:00 on July 10, 2025 (Eastern Time), it will temporarily suspend deposits and withdrawals of Tokens on the Polygon network to support the system upgrade. This is a necessary preparation step to ensure the Polygon network upgrade proceeds smoothly and safely.
The suspension is implemented to avoid the risk of losing Tokens during the update, facilitating a smooth technical upgrade at this largest global platform.
What are the highlights of the Heimdall v2 upgrade of Polygon PoS?
Sandeep Nailwal, CEO of Polygon Foundation, announced on platform X that the Heimdall v2 upgrade will take place at 22:00 on July 10, 2025. This is the most complex hard fork since the launch of Polygon PoS in 2020, focusing on two core changes in technology and performance.
The Heimdall v2 upgrade transitions the entire architecture from Tendermint+Cosmos-SDK v0.37 to CometBFT+Cosmos-SDK v0.50, significantly increasing the stability and scalability of the network.
Sandeep Nailwal, CEO of Polygon Foundation, July 2025
Technically, Heimdall shifts to use CometBFT integrated with Cosmos-SDK v0.50, promising to improve reliability and optimize transaction processing performance. In terms of performance, the final confirmation time for transactions is expected to shorten to about 5 seconds, significantly reducing latency in the network.
This helps the Polygon PoS network enhance user experience while minimizing the likelihood of block reorganization to no more than 2 times, ensuring a more transparent and stable blockchain system.
Why is the Heimdall v2 upgrade important to the Polygon community and the Blockchain network?
The Heimdall v2 upgrade demonstrates the ongoing commitment of the Polygon development team to maintain its leading position as Layer 2. Currently, with more than 7 million daily transactions and many developing DApps, network performance directly affects revenue and user experience.
Shortening the transaction confirmation time to 5 seconds and reducing block reorganization is a strategic advancement, reinforcing trust for developers and users worldwide.
Independent Blockchain analyst Nguyen Van An, July 2025
Additionally, the upgrade helps Polygon improve interoperability while enhancing security through the CometBFT consensus system, expanding the potential for DeFi, NFT, and other applications.
Comparison table of the Heimdall v2 upgrade with the old version on Polygon PoS
Criteria Previous Version (Tendermint+Cosmos-SDK v0.37) Heimdall v2 Upgrade (CometBFT+Cosmos-SDK v0.50) Consensus architecture Tendermint + Cosmos-SDK v0.37 CometBFT + Cosmos-SDK v0.50 Final transaction confirmation time Approximately 10 seconds Approximately 5 seconds Maximum number of reorganized blocks Unknown or more than 2 Maximum 2 blocks Network stability Not fully optimized Significantly enhanced
Frequently asked questions about the Heimdall v2 upgrade of Polygon PoS
1. Does the Heimdall v2 upgrade affect transactions on Polygon?
The upgrade requires Binance and exchanges to temporarily suspend deposits and withdrawals of Tokens on July 10, 2025, to ensure safety. After the upgrade, transactions will be smooth with shorter confirmation times.
2. Why is transaction confirmation time important?
Low confirmation times improve user experience, optimize DeFi operations, and reduce risks when the network is delayed.
3. What software does Heimdall v2 upgrade?
Transitioning from Tendermint+Cosmos-SDK v0.37 to CometBFT+Cosmos-SDK v0.50 improves performance and stability.
4. When did Polygon PoS start running?
Polygon PoS launched in 2020, and this is the largest upgrade since then.
5. What do users need to do before the upgrade takes place?
Users should complete deposit and withdrawal transactions early before 21:00 on July 10, 2025, to avoid disruption, according to the exchange's guidance.
Source: https://tintucbitcoin.com/polygon-nang-cap-mang-cai-thien-trai-nghiem/
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