Binance announced that it supports the upcoming network upgrade and the upcoming Cardano fork, which is scheduled to take place tomorrow, January 29, 2025, at about 21:45 UTC.

In order to do this smoothly, Binance will stop deposits and withdraw Cardano (LeadIcons on the same day start from 20:45 UTC. Binance Declare ADA trading will not be suspended during the upgrade process. All technical requirements for upgrade will be completed by Binance so that users can upgrade smoothly.

This upgrade aims to improve Cardano network functions, and Binance's support shows its commitment to providing an ideal user experience. Users advise to prepare for temporary suspension of deposits, withdrawal and monitor more updates.

What is a difficult fork?

The new solid fork allows anyone to carry ADA to contribute to the decisions of the network. The solid fork aims to convert Cardano Blockchain into a fully decentralized inaugural governance model where ADA holders can vote directly or allow another person, known as a delegated representative (Drep), to vote in their place. This upgrade was named after the late Matthew PlominWho was the CEO of USDM, Stablecoin from Cardano.

In the past, decisions and promotions have been addressed by temporary committees, but with this difficult fork, users will have a more active role in decision -making. This ensures that the will of the greatest society is represented in the development of the network, which makes the system more democratic and transparent. It will also help ensure Cardano for the most smooth promotions in the future.

Just four days ago, on January 24, Caradano Firing Fineqia Ftse Cardano ETN on the Vienna Stock Exchange. This discussion on the stock exchange, which is listed with Ticker YADA, allows investors to obtain indirect exposure to ADA price movements with the generation of the return from the use of Ada via DEFI protocols that carry the return.

By entering this ETN, more traditional investors are now accessed to participate in Cardano's ecosystem and the broader Defi market without engaging directly with Blockchain technology.