BREAKING: Cardano Delays Hard Fork Plans for Binance and Other CEX Upgrades – Crypto Market Reacts
Cryptocurrency enthusiasts are abuzz as Ada, the native cryptocurrency of the popular blockchain platform Cardano, has hit the headlines once again. According to sources, Cardano has announced a delay in its planned hard fork upgrade on Binance and other major cryptocurrency exchanges.
Why the Delay?
The delay comes as a result of thorough testing and reviews of the upcoming Hard Fork Combinator (HFC) upgrade, which is aimed at improving the Cardano network’s interoperability and scalability. The upgrade, scheduled to go live in Q4 2022, will introduce changes to the Cardano blockchain’s treasury system and enhance its smart contract capabilities.
Impact on Cryptocurrency Exchanges
In a statement, Cardano developers announced that the upgrade will no longer proceed as initially planned on major cryptocurrency exchanges, including Binance, following a comprehensive review of the proposed changes. The decision was made to ensure a smooth and successful deployment of the upgrade.
Reaction from the Crypto Community
The news has sent shockwaves through the crypto community, with many users expressing both relief and frustration on social media platforms.
"I’m relieved that they’re taking their time to get it right, but at the same time, I’m worried about the delayed timeline. It’s a crucial update, and we can’t afford any mishaps." – Crypto Twitter user
"This is a sign that Cardano is committed to delivering quality updates. Let’s hope it won’t delay the progress on other development fronts." – Another crypto enthusiast
What’s Next?
Cardano developers are currently working on revising the upgrade’s timeline, with a new target for completion expected to be announced in the coming days. In the meantime, the crypto community can expect further updates and announcements regarding the Hard Fork Combinator (HFC) upgrade.
Stay Informed and Up-to-Date
Get the latest updates on Cardano, Binance, and other cryptocurrency exchanges right here at Crypto News!
KEYWORDS:
- Cardano
- Ada
- Hard Fork Combinator (HFC)
- Binance
- Cryptocurrency exchanges
- Blockchain updates
- Scalability
- Interoperability
- Smart contracts
- Treasury system
- Q4 2022
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