Cardano Founder Clears Air on Binance Role In Chang Hard Fork Upgrade

As a seasoned researcher with a knack for navigating the complex world of cryptocurrencies, I find myself both intrigued and slightly amused by the latest developments in the Cardano ecosystem. The Chang Hard Fork upgrade, long-awaited and highly anticipated, seems to be dancing a delicate waltz with the centralized exchanges, particularly Binance.


Over the past few weeks, I’ve been closely following the Cardano ecosystem’s progress towards the Chang Hard Fork upgrade. Despite their consistent assurances about its imminence, the upgrade has yet to materialize. From Charles Hoskinson’s latest post on X, it appears that this delay is due to a dependence on centralized exchanges such as Binance, before they can proceed with the upgrade.

Chang Hard Fork Upgrade, the Latest Update

In one of his recent updates, Charles Hoskinson, Cardano’s Founder, revealed a new launch date for the eagerly awaited Chang Hard Fork modification. This event is now set for September 1, 2024. As the deadline approaches, he believes that more entities will express their support for this upcoming change.

Hoskinson pointed out that the power of deadlines lies in making those who are not fully committed to updates realize it’s time to act. Once they start working, we tend to come together swiftly.

In an unexpected twist, it appears that Binance, one of the major cryptocurrency exchanges, has not yet pledged support for Cardano in its current endeavor. Given Hoskinson’s assertion that the upgrade is now complete, the delay in launching could be a tactic to encourage Binance and other centralized exchanges to join the movement.

Significantly, the Chang Hard Fork update plays a pivotal role in initiating the Voltaire Era. The Ethereum competitor intends to implement this update as part of its strategic move towards self-governance and on-chain voting. Consequently, the commencement of the Voltaire Era relies on the successful execution of the Chang Hard Fork upgrade.

Coinbase Supporting Crypto Projects, Cardano Next?

In the digital asset world, it’s quite typical for platforms to facilitate updates on Layer 1 and Layer 2 technologies. Through time, these trading venues often act as protectors by either investing in or listing emerging projects.

As an analyst, I’ve recently observed that Coinbase has included Polygon‘s POL in their upcoming listings. Moreover, they’ve declared their intention to facilitate trades for POL across both the Polygon and Ethereum blockchain platforms.

Moreover, Coinbase will initiate one-to-one EUR to EURC exchanges from August 28 onwards. This move aligns with the European Union’s MiCA regulations, which emphasize improved transaction safety in crypto assets.

Given the current trend, it’s not surprising that Charles Hoskinson anticipates these major exchanges like Coinbase, Binance, and others to offer their support for the Chang Hard Fork update.

Read More

2024-08-23 21:36