Cardano (ADA) The expected day has come for the Vasil Hard Fork that investors have been waiting for.
Vasil Hard Fork is expected to enrich the smart contract features in the Cardano network, increase the efficiency of the network and reduce costs.
While the eyes were turned to Cardano, an announcement came from Binance.
Binance has announced that it will support the Vasil Hard Fork, which will take place in two phases.
The Vasil Hard Fork is expected to take place at 00:45 tonight. The Plutus V2 Model is expected to take place on September 28 at 00:45.
The announcement made by Binance is as follows:
“Binance will support Cardano (ADA) network upgrade and hard fork, which will take place in two phases.
The Vasil network upgrade and hard fork will take place at approximately 00:45 CEST on September 23.
ADA’s deposits and withdrawals will be suspended from approximately September 22 at 11:45 PM.
The Plutus V2 Cost Model network upgrade will occur at approximately 12:45 PM CET on September 28.
ADA’s deposits and withdrawals will be suspended from approximately September 27 at 11:45 PM.
Please do not forget:
ADA trading will not be affected during the network upgrade and hard fork.
The Cardano (ADA) network upgrade and hard fork will take place in two phases. Estimated timings are for users’ reference only.
Binance will meet all relevant technical requirements for all users holding ADA in their Binance account.
Cardano (ADA) network upgrade and hard fork do not result in the creation of new tokens.
Once we consider the upgraded network stable, we will reopen deposits and withdrawals for ADA and will not notify users at further notice.”
Before the upgrade, ADA is trading at $0.45 with a 3% premium.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!