Cardano, the blockchain platform founded by Charles Hoskinson, has announced a delay in the highly anticipated Chang hardfork. Originally scheduled for August 27, 2024, the hardfork will now take place on September 1, 2024. The reason for this delay, according to Hoskinson, is to give exchanges such as Binance more time to prepare for the upgrade.
Importance of Exchange Readiness
The delay is significant as it highlights the importance of ensuring that all stakeholders in the Cardano ecosystem are ready for the hardfork. While Stake Pool Operators had already upgraded to version 9.1.0, exchanges and decentralized applications were lagging behind. This disparity in readiness could potentially cause disruptions during the upgrade process.
The Chang hardfork is crucial for Cardano as it will bring the Voltaire era into operation. This era introduces decentralized governance mechanisms and on-chain voting, aiming to enhance the platform’s governance structure. The delay in the hardfork means that these new features will also be delayed, affecting the overall functionality of the Cardano network.
Assurance from Hoskinson
Despite the setback, Charles Hoskinson has reassured the community that nothing will stop the Chang hardfork from happening. He emphasizes the importance of ensuring that all stakeholders are on board before proceeding with the upgrade. While the delay may be frustrating for some, it is necessary to ensure a smooth transition to the new era of Cardano’s development.
As Cardano continues to work towards achieving full readiness for the Chang hardfork, it is crucial for all stakeholders to stay updated and prepared for the upcoming changes. The platform’s commitment to decentralization and governance will be tested during this transition period, and the community’s support and cooperation will be essential for a successful upgrade. By addressing the challenges and delays proactively, Cardano aims to set a strong foundation for its future growth and development.
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