what is Plomin hard fork?

Binance announced that she was supporting the next network upgrade and Hard Fork de Cardano, which should take place tomorrow, January 29, 2025, around 21:45 UTC.

In order to make it gently, the binance will stop the deposits and withdrawals of Cardano (ADA) Tokens the same day from 8:45 pm UTC. Binance announcement The fact that trading for ADA tokens will not be suspended during the upgrade process. All the technical requirements of the upgrade will be completed by Binance so that users can upgrade transparently.

This upgrade is intended to improve the features of the Cardano network, and Binance support demonstrates its commitment to provide an optimal user experience. Users are recommended to prepare for the temporary suspension of deposits and withdrawals and keep an eye on other updates.

What is the hard Plomin fork?

The new hard fork allows anyone who is due to Ada to contribute to the decision -making of the network. The Plomin Hard Fork is intended to transform Cardano blockchain into a fully decentralized governance model where ADA holders can either vote directly or allow another person, known as the delegate representative (DREP), to vote in their place. This upgrade is named after the end Matthew PlominWho was the CEO of the USDM, the stablecoin of Cardano.

In the past, decisions and upgrades have been managed by temporary committees, but with this hard fork, users will have a more active role in decision -making. This guarantees that the will of the wider community is represented in the evolution of the network, which makes the system more democratic and transparent. This will also help guarantee that Cardano is defined for smoother upgrades in the future.

Four days before, January 24, Cradano spear The ETN of efficient yields, FTSE has improved on the Vienna Stock Exchange. This note negotiated on the stock market, which is listed with the Ticker Yada, allows investors to obtain an indirect exposure to ADA price movements while generating a yield from the use of ADA on different protocols DEFI yield.

With the introduction of this etN, more traditional investors now have a means accessible to participate in the Cardano ecosystem and the wider DEFI market without engaging directly with Blockchain technology.