News and Analytics

0

Cardano Makes Major Wallet Release for Chang Hard Fork Preparations

Aug 24, 2024
  1. Chang Hard Fork Threshold Reached
  2. Exchange and dApp Readiness
  3. Wallet Security Reminder

The Cardano ecosystem has taken a significant step forward with the release of Daedalus version 6.0.0, a major wallet update that paves the way for the highly anticipated Chang hard fork.

Chang Hard Fork Threshold Reached

According to Intersect, a member-based organization for the Cardano ecosystem, the Chang hard fork threshold has been reached, with 80% of Stake Pool Operators (SPOs) now running node version 9.1.0. This milestone brings the ecosystem one step closer to the Chang upgrade, which promises to improve the network significantly.

Exchange and dApp Readiness

While some exchanges have signaled their readiness for the Chang hard fork, others are still in the process of preparation. Notably, 12 exchanges have confirmed their readiness, including major players like Binance. Additionally, the first decentralized application (dApp) has confirmed its readiness for the Chang hard fork, marking an important milestone in the ecosystem’s transition.

Wallet Security Reminder

Users need to remember that Daedalus is a full-node wallet for desktops only. Any mobile version claiming to be Daedalus is likely a scam attempting to steal user seed phrases and ADA.

As the Chang hard fork approaches, users, exchanges, and dApps must ensure they are adequately prepared to take advantage of the benefits this upgrade promises to bring. The Cardano ecosystem’s continued growth and adoption depend on the successful implementation of this upgrade.

Comments

Latest analytics

Bead Pay: Cryptocurrency...

Bead Pay: Cryptocurrency Solutions for Global Payments

Bobby Zagotta and...

Bobby Zagotta and His Impact on the Crypto Industry

Show more

Latest Dapp Articles

Show more

You may also like