The highly anticipated Chang hard fork for Cardano has been postponed. Cardano founder Charles Hoskinson announced on Friday that the upgrade, originally scheduled for August 27th, would now take place on September 1st.
The delay was attributed to a few exchanges, including Binance, not being fully prepared for the upgrade. Despite progress made by decentralized applications and exchanges earlier in the week, some key players still needed to finalize their preparations.
The hard fork team had set a deadline of August 23rd for a final decision on whether to proceed with the upgrade on August 27th. Hoskinson noted that this deadline spurred stakeholders into action, ensuring that all necessary preparations were completed.
The new September 1st date reflects the relatively minor nature of the issues causing the delay, which should be resolved within a short timeframe.
Progress Among Stake Pool Operators and Exchanges
Data from Intersect revealed that Cardano’s stake pool operators (SPOs) were making significant strides in their upgrade preparations. Approximately 83% of SPOs had upgraded their nodes to version 9.1.0.
However, exchanges were the primary source of the delay. Out of the 58 exchanges involved in the upgrade, 31 were fully prepared, 16 were in progress, and 11 had not yet started. Bitfinex was the first exchange to announce 100% preparedness for the Chang hard fork.
The data also showed promising progress among light wallets, hardware wallets, and decentralized finance (DeFi) projects connected to the Cardano network. It’s worth noting that the hardware wallet Ledger (Nano S) is unlikely to be ready for the Chang upgrade.
Also Read: Cardano’s (ADA) Charles Hoskinson Backs Surprising RFK Jr.-Trump Alliance, Ignites Crypto Debate
The Chang Hard Fork and the Voltaire Era
The Chang hard fork will usher in the Voltaire era, a significant milestone for Cardano. This era will mark a transition from the IOG (Input Output Global) governing the Cardano network to a decentralized governance system managed by the Cardano community.
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