NewsletterCardano Founder Clears Air on Binance Role In Chang Hard Fork Upgrade
Highlights
- The Chang Hard Fork has been postponed according to Charles Hoskinson
- Exchanges might be the reason for this delay
- Next important date to watch is September 1
For the last few weeks, the Cardano ecosystem has consistently announced how close it is to the Chang Hard Fork upgrade. However, the upgrade has failed to take off, and from Charles Hoskinson’s recent post on X, the upgrade seems to be waiting on top centralized exchanges like Binance before making the move.
Chang Hard Fork Upgrade, the Latest Update
In one of his X posts, the Cardano Founder announced a new date to launch the much-anticipated Chang Hard Fork upgrade. Accordingly, the upgrade is scheduled to take place on September 1, 2024. He highlighted that many of the entities yet to show their support for the planned upgrade will do so as the deadline draws closer.
“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,” Hoskinson noted.
In a rather surprising turn of event, leading cryptocurrency exchange Binance is one of those firms that are yet to back Cardano on this latest quest. Considering how Hoskinson stated that the upgrade is ready, the launch postponement is likely a strategy to get Binance and other CEXs to come onboard.
Noteworthy, the Chang Hard Fork upgrade is crucial to bringing the Voltaire Era into operation. The Ethereum challenger is bound to launch the upgrade in its plans to step into its decentralized governance and on-chain voting era. Therefore, the Voltaire Era hangs on the premise of the Chang Hard Fork upgrade.
Coinbase Supporting Crypto Projects, Cardano Next?
Exchanges supporting each Layer 1 and 2 upgrades is a common occurrence in the digital asset ecosystem. Over the years, trading platforms have served as a guard by investing or listing new projects.
A few days ago, Coinbase added Polygon’s POL to its listing roadmap. In addition to this, the crypto trading platform announced that it would support POL on both Polygon and Ethereum networks.
Additionally, Coinbase agreed to offer EUR to EURC conversions at 1:1 starting from August 28. This is in alignment with the EU’s Markets in Crypto Assets (MiCA) regulations for enhanced transaction security.
Considering this trend, Hoskinson’s support expectation from Coinbase, Binance and other CEXs for the Chang Hard Fork upgrade is not out of place.
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