Key Takeaways:
- Binance supports Cardano’s Chang hard fork, initiating the Voltaire era with a focus on decentralized governance.
- The upgrade, initially set for August 27, has been delayed to September 1 for additional preparation.
- ADA deposits and withdrawals on Binance will be temporarily suspended during the upgrade to ensure smooth technical integration.
Binance has announced its support for Cardano’s Chang hard fork, a critical upgrade marking the start of the Voltaire era, which emphasizes decentralized governance.
Originally scheduled for August 27, the upgrade has been postponed to September 1 to allow more preparation time for platforms like Binance.
Binance will support the Cardano (ADA) network upgrade and hard fork.
— Binance (@binance) August 30, 2024
👉 https://t.co/P13No4FWwE
To avoid potential technical issues, Binance will temporarily suspend ADA deposits and withdrawals during the upgrade.
The Chang hard fork is part of Cardano’s roadmap and aims to introduce Delegate Representatives (DReps), enhancing the network’s governance.
The magic of deadlines is that people who aren't taking upgrades seriously suddenly say damn we got to get moving. When they get moving, we converge quickly.
— Charles Hoskinson (@IOHK_Charles) August 23, 2024
It looks like Binance and a few others need more time to get their houses in order, so the rocket is going to wait on…
Binance will manage the technical aspects of the upgrade for its users, ensuring compatibility and a smooth transition.
Once the network stabilizes post-upgrade, normal operations will resume.
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