Cardano, one of the most anticipated blockchain projects, has decided to postpone the highly awaited Chang hardfork to September 1, 2024. This decision was confirmed by Cardano founder Charles Hoskinson in a recent announcement. According to him, the delay is to give platforms like Binance more time to prepare for the hardfork. This move reflects a strategic decision to ensure a smooth transition to the new upgrade, even if it means pushing back the initial deadline.
The Chang hardfork is a significant upgrade that will bring Cardano’s Voltaire era into operation. This update includes the introduction of decentralized governance mechanisms and on-chain voting, which are crucial for the platform’s evolution. Initially, there was speculation about a potential mainnet launch on Tuesday, August 27, 2024. However, the final decision on the go/no-go was set for August 23 to assess the readiness of all stakeholders.
While Stake Pool Operators had successfully upgraded to the 9.1.0 version, exchanges and decentralized applications were lagging behind. The major concern was exchange liquidity, particularly with Binance still operating on the older version of the blockchain network’s software. This discrepancy in readiness levels forced Cardano to delay the hardfork to allow all parties to catch up and reach the desired threshold of 85% upgrade completion.
Despite the setback, Charles Hoskinson reassures the community that nothing will prevent the Chang hardfork from happening. The delay is merely a strategic move to ensure a unified and synchronized upgrade process across all platforms. In the meantime, Cardano continues to monitor the progress of Stake Pool Operators and exchange liquidity to meet the necessary criteria for a successful hardfork on September 1, 2024.
Overall, the decision to delay the Chang hardfork demonstrates Cardano’s commitment to maintain high standards of readiness and coordination among all stakeholders. While the postponement may disappoint some members of the community, it ultimately serves the long-term interests of the platform by ensuring a smooth and seamless transition to the new upgrade. With the extended deadline in place, Cardano aims to provide ample time for all parties to align their systems and processes before the scheduled hardfork date.
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