{"id":471362,"date":"2021-09-10T17:00:02","date_gmt":"2021-09-10T17:00:02","guid":{"rendered":"https:\/\/wncen.com\/?p=471362"},"modified":"2021-09-10T14:39:26","modified_gmt":"2021-09-10T14:39:26","slug":"binance-supports-cardano-upgrade","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/cardano\/binance-supports-cardano-upgrade\/","title":{"rendered":"Cardano Network Upgrade And Hard Fork Gets Support From Binance"},"content":{"rendered":"<p class=\"p1\">Cardano has placed the launch of smart contracts capability on September 12th. This gives us only two days until the launch. Ahead of this, crypto exchange giant Binance has made moves to make sure that their platform is compatible with it. The <a href=\"https:\/\/www.binance.com\/en\/support\/announcement\/9337390d06204fb3aedcab91ff9aa8ca?ref=JLI1VBLA&amp;utm_source=BinanceTwitter&amp;utm_medium=GlobalSocial&amp;utm_campaign=GlobalSocial\" rel=\"nofollow\">announcement<\/a> was posted by Binance on its official website. The network upgrade and hard fork have been scheduled to take place during <a href=\"https:\/\/explorer.cardano.org\/en\" rel=\"nofollow\">epoch 290<\/a> or at approximately 12:44 UTC on September 12th, 2021.<\/p>\n<p class=\"p1\">The announcement noted that the Cardano upgrade and hard fork will not result in the creation of new tokens, neither will it affect the trading of ADA tokens on the platform. Although deposits and withdrawals for ADA will be closed until the upgrade and hard fork have been confirmed to be working properly. Users holding ADA tokens on Binance are also advised to allow sufficient time for their deposits before the cut-off time. While the cryptocurrency exchange will take care of all of the technical requirements associated with the upgrade.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/analysis\/ada\/will-the-cardano-smart-contracts-upgrade-trigger-a-sell-the-news-event\/\">Will The Cardano Smart Contracts Upgrade Trigger A \u201cSell The News\u201d Event?<\/a><\/strong><\/em><\/p>\n<p class=\"p1\">Deposits and withdrawals of ADA tokens will be suspended on 21:14 UTC on September 12th, 30 minutes before the upgrade and hard fork are scheduled to occur. Deposits and withdrawals will remain unavailable for however long it takes the exchange to confirm that the upgrade is implemented properly and safe to carry out transactions on.<\/p>\n<h2 class=\"p1\">How Cardano Upgrade Will Affect The Network<\/h2>\n<p class=\"p1\">There are a lot of good things to be said about smart contracts capability coming to the Cardano network. One of these is the ability for developers to build decentralized applications (DApps) on the network, thereby enabling things like decentralized finance (DeFi) protocols and decentralized exchanges.<\/p>\n<p style=\"text-align: center\"><strong><em>Related Reading |\u00a0<a href=\"https:\/\/wncen.com\/news\/bitcoin\/bitcoin-learn-to-trade-crypto-trading\/\">New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course<\/a><\/em><\/strong><\/p>\n<p class=\"p1\">With the leading smart contracts platform, Ethereum, getting overwhelmed with usage, it is imperative for other competitors to step up to the plate. The Alonzo Purple upgrade and hark fork puts Cardano in a position to compete with Ethereum when it comes to DeFi services like lending, staking, and yield farming. Also the creation of tokens on the platform and the minting of NFTs.<\/p>\n<h2 class=\"p1\">ADA Still Struggling<\/h2>\n<p class=\"p1\">ADA price is still in a downward trend after the crash that rocked the market on September 7th. The token has not seen much recovery in the past three days despite the long-awaited smart contracts upgrade coming up in two days.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/c3kglCOo\/\" alt=\"Cardano (ADA) price chart from TradingView.com\" width=\"1354\" height=\"686\"><\/p>\n<pre style=\"text-align: center\">ADA price in the red | Source: <a href=\"https:\/\/www.tradingview.com\/chart\/UG2tjOD6\/\" rel=\"nofollow\">ADAUSD on TradingView.com<\/a><\/pre>\n<p class=\"p1\">Currently, the price of ADA is trading in the $2.3 range, after spending the majority of yesterday trying to hold the $2.5 which it had balanced at after an upward correction from the crash.<\/p>\n<pre style=\"text-align: center\">Featured image from Nairametrics, chart from TradingView.com<\/pre>\n","protected":false},"excerpt":{"rendered":"<p>Cardano has placed the launch of smart contracts capability on September 12th. This gives us only two days until the launch. Ahead of this, crypto exchange giant Binance has made moves to make sure that their platform is compatible with it. The announcement was posted by Binance on its official website. The network upgrade and hard fork have been scheduled to take place during epoch 290 or at approximately 12:44 UTC on September 12th, 2021. The announcement noted that the Cardano upgrade and hard fork will not result in the creation of new tokens, neither will it affect the trading of ADA tokens on the platform. Although deposits and withdrawals for ADA will be closed until the upgrade and hard fork have been confirmed to be working properly. Users holding ADA tokens on Binance are also advised to allow sufficient time for their deposits before the cut-off time. While the cryptocurrency exchange will take care of all of the technical requirements associated with the upgrade. Related Reading |\u00a0Will The Cardano Smart Contracts Upgrade Trigger A \u201cSell The News\u201d Event? Deposits and withdrawals of ADA tokens will be suspended on 21:14 UTC on September 12th, 30 minutes before the upgrade and hard fork are scheduled to occur. Deposits and withdrawals will remain unavailable for however long it takes the exchange to confirm that the upgrade is implemented properly and safe to carry out transactions on. How Cardano Upgrade Will Affect The Network There are a lot of good things to be said about smart contracts capability coming to the Cardano network. One of these is the ability for developers to build decentralized applications (DApps) on the network, thereby enabling things like decentralized finance (DeFi) protocols and decentralized exchanges. Related Reading |\u00a0New To Bitcoin? Learn To Trade Crypto With The NewsBTC Trading Course With the leading smart contracts platform, Ethereum, getting overwhelmed with usage, it is imperative for other competitors to step up to the plate. The Alonzo Purple upgrade and hark fork puts Cardano in a position to compete with Ethereum when it comes to DeFi services like lending, staking, and yield farming. Also the creation of tokens on the platform and the minting of NFTs. ADA Still Struggling ADA price is still in a downward trend after the crash that rocked the market on September 7th. The token has not seen much recovery in the past three days despite the long-awaited smart contracts upgrade coming up in two days. ADA price in the red | Source: ADAUSD on TradingView.com Currently, the price of ADA is trading in the $2.3 range, after spending the majority of yesterday trying to hold the $2.5 which it had balanced at after an upward correction from the crash. Featured image from Nairametrics, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":471363,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[12333,10768,12332,84044,84232],"class_list":["post-471362","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada","tag-binance","tag-cardano","tag-cardano-smart-contracts","tag-cardano-upgrade"],"acf":[],"yoast_head":"\n<title>Cardano Network Upgrade And Hard Fork Gets Support From Binance<\/title>\n<meta name=\"description\" content=\"Cardano has placed the launch of smart contracts capability on September 12th. This gives us only two days until the launch. 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Cardano Network Upgrade And Hard Fork Gets Support From Binance","url":"http:\/\/wncen.com\/news\/cardano\/binance-supports-cardano-upgrade\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/cardano\/binance-supports-cardano-upgrade\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-1.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-1.jpeg?fit=900%2C540"},"articleSection":"Cardano","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["ada","binance","cardano","cardano smart contracts","cardano upgrade"],"dateCreated":"2021-09-10T17:00:02Z","datePublished":"2021-09-10T17:00:02Z","dateModified":"2021-09-10T17:00:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Cardano Network Upgrade And Hard Fork Gets Support From Binance\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/binance-supports-cardano-upgrade\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/cardano\\\/binance-supports-cardano-upgrade\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/Cardano-1.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/09\\\/Cardano-1.jpeg?fit=900%2C540\"},\"articleSection\":\"Cardano\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"ada\",\"binance\",\"cardano\",\"cardano smart contracts\",\"cardano upgrade\"],\"dateCreated\":\"2021-09-10T17:00:02Z\",\"datePublished\":\"2021-09-10T17:00:02Z\",\"dateModified\":\"2021-09-10T17:00:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/09\/Cardano-1.jpeg?fit=900%2C540","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/471362"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=471362"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/471362\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/471363"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=471362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=471362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=471362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}