Main Points Related to Binance, Cardano Hard Fork, and Chang Upgrade:
- Binance to support Cardano’s upcoming network upgrade and hard fork
- Temporary halt on ADA deposits and withdrawals starting Sept. 1, 2024
- No impact on ADA trading during the halt period
- Binance to handle technical requirements for Cardano holders
- Resumption of deposits and withdrawals post hard fork completion
Binance Ready to Support Cardano’s Chang Hard Fork
Binance announced its support for Cardano’s upcoming network upgrade and Chang hard fork, stating that it will temporarily pause ADA deposits and withdrawals starting on Sept. 1, 2024. This move is in preparation for the activation of the Chang hard fork, which was rescheduled from Aug. 27. Binance reassures users that the halt will not impact ADA trading, and the exchange will manage any technical requirements on behalf of Cardano holders.
Cardano’s Transition to the Voltaire Era with Chang Hard Fork
The Chang hard fork marks a significant milestone in Cardano’s roadmap towards the Voltaire era, which envisions a self-sustaining ecosystem with governance improvements. Community interest in Chang is high, reminiscent of the anticipation seen before the activation of smart contracts via the Vasil hard fork. Stake pool operators, decentralized applications, and exchanges have reached the necessary implementation threshold, signaling readiness for the impending hard fork.
