Community waiting for Cardano (ADA) Chang Hard Fork will have to wait even further as it has delayed its upcoming upgrade until September. This update was originally scheduled for August 27th but has been pushed back to ensure all parts of the network are ready.
A hard fork is a significant update to a blockchain network that introduces new rules or features. It often requires all participants to upgrade their software to continue operating on the network. The Chang hard fork is a crucial step in Cardano’s development. It aims to introduce new governance features, allowing the community to participate in the network.
Reason Behind Cardano (ADA) Chang Hard Fork Delay?
Charles Hoskinson, the founder of Cardano, explained that the delay is mainly due to some cryptocurrency exchanges needing more time to prepare. Hoskinson specifically mentioned Binance and other exchanges which are requiring additional time to prepare themselves for Chang Hard Fork.
Related Post: Cardano ADA Reclaims Top 10 Spot Ahead of Chang Hard Fork Launch
Source: X
While 80% of Stake Pool Operators (SPOs) are ready for the update, only 28% of exchanges have upgraded to the necessary version. The target for exchange readiness is 85%.
Despite the delay, Charles Hoskinson assured that the transition to the Voltaire era, which focuses on decentralized governance, will proceed as planned. A new date in September will be announced once conditions improve.
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“Nothing is going to stop the upgrade to Voltaire. We have an elected government that has to take power. The rocket isn’t leaving the pad. We just have to wait for the weather to clear,” he stated in a follow-up post.
The upcoming Chang hard fork has positively affected Cardano’s position in the crypto market. It recently regained its spot in the top 10 cryptocurrencies by market value.
To prepare for the update, Cardano (ADA) users should ensure they have the latest version of the Daedalus wallet (version 6.0.0). This is essential for operating on the network after the Chang hard fork.
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