Bybit has announced its support for Siacoin's upcoming v2.11.0 network upgrade, codenamed 'V2 – The Final Cut.' This significant upgrade is scheduled to take place in early December 2025, around block height 552,100.
The upgrade is primarily focused on enhancing the security and scalability of the Siacoin network. Bybit's proactive support underscores its ongoing commitment to the Siacoin ecosystem. While the upgrade impacts Siacoin's native token, it is anticipated to do so without causing major market disruptions.
Bybit Endorses Siacoin's Security-Focused v2.11.0 Upgrade
The Siacoin v2.11.0 network upgrade, which has received endorsement from Bybit, is slated for December 2025. This upgrade's core objectives are to improve both the security and scalability of the Siacoin network.
This initiative involves Bybit actively supporting the development efforts of the Sia Network Team. This collaboration continues a pattern of Bybit supporting earlier improvements within the Siacoin ecosystem throughout 2025.
Exchanges Halt Siacoin Trading for Safety Compliance
While no specific funding disclosures have been made public, major cryptocurrency exchanges such as Bybit, Binance, and OKX are coordinating with Siacoin to temporarily halt transactions. This measure is implemented to ensure safety and compliance during the network upgrade. A statement from Bybit indicated, "We are pleased to support the Siacoin v2.11.0 network upgrade, reaffirming our commitment to enhancing decentralized storage capabilities and ensuring a seamless transition for users."
The primary focus of this upgrade remains on technical enhancements. Historical trends suggest that such upgrades typically result in minimal market disruption, although temporary changes in Siacoin liquidity may occur.
Seamless Transitions Expected from Siacoin's Past Upgrades
Siacoin has a track record of successful network upgrades, including previous versions like v2.9.0 and v2.10.3, which were executed smoothly. These past successes align with the technological focus of the current upgrade.
Industry experts anticipate similar outcomes for the Siacoin v2.11.0 upgrade. They note that the expected technical advancements are likely to outweigh any potential risks associated with market volatility.