Cardano founder Charles Hoskinson announced that the new date for the upgrade is September 1 and highlighted the reasons for the delay.
The Cardano Network and crypto communities will have to wait a little longer for the Chang Hard Fork, as founder Charles Hoskinson has announced a delay in the upgrade.
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.
It looks like Binance and a few others need more time to get their houses in order, so the rocket is going to wait on…
— Charles Hoskinson (@IOHK_Charles) August 23, 2024
In a tweet on Friday, Hoskinson stated that the major upgrade, slated for August 27, will have to wait until September 1. He noted that a few exchanges, like Binance, were not ready for the upgrade yet, hence the delay.
Although the Chang hard fork team reported improved preparedness among decentralized applications and exchanges earlier in the week, there were still some key players left to put their houses in order for the upgrade.
Retrospectively, the hard fork team announced Friday, August 23, as the deadline for the final decision on a possible August 27 Chang upgrade. Hoskinson stated that the deadline awakened stakeholders who would be involved in the hard fork and got them working towards the project.
A Little Longer
Hoskinson noted that the delay meant the rocket would wait on the pad for better weather. The new September 1 date was just five days after the planned date, signaling that the reasons for the delay were issues that wouldn’t need much time to resolve.
The Chang upgrade preparedness data from Intersect showed improved readiness from Cardano’s stake pool operators (SPOs). About 83% of SPOs have upgraded their nodes to version 9.1.0.
As Hoskinson pointed out, exchanges were the primary source of the delay. Out of the 58 exchanges that will be involved in the upgrade, 31 were fully prepared. Sixteen, including Binance and Bybit, were in progress, while 11 had not even started. Notably, Bitfinex was the first exchange to announce 100% preparedness for the Chang hard fork.
The data also highlighted promising progress among light wallets, hardware wallets, and DeFi projects connected to the Cardano network. The hardware wallet Ledger (Nano S) will unlikely be ready for the Change upgrade.
The Chang hard fork will introduce the Voltaire era, where Cardano’s governance system will move from IOG to the Cardano community.
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Source: https://thecryptobasic.com/2024/08/24/cardano-founder-says-chang-hard-fork-delayed-heres-why/?utm_source=rss&utm_medium=rss&utm_campaign=cardano-founder-says-chang-hard-fork-delayed-heres-why