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Bitfinex Has Publicly Stated That It Supports The Cardano Vasil Upgrade

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Finally, the wait is over. Cardano’s Vasil upgrade is going to happen on September 27. And another good news for Cardano Vasil is that Bitfinex, one of the largest art trading asset firms, has agreed to support Cardano’s ongoing upgrade. It also assured the users by saying that the upgrade would not show any changes in deposits or trading on the Bitfinex platform.

“The ultimate aim of the Vasil upgrade is to decrease costs, to bring smart contract enhancements, and to resolve the issues facing digital currency by utilizing the decentralized blockchain system.”

The top 13 crypto exchanges are set to be ready for the latest version of Cardano Vasil. Besides that, some of the Vasil exchanges, Opex and Upbit, are in the process of upgrading. And some of the exchanges, like Lending Pond and Aada, dApps, have successfully completed the Vasil hard fork test. The largest digital asset exchange platform, Binance, has officially announced its support for Vasil’s upgrade. The upgraded version of the Vasil node model is going to produce 77% of the mainnet blocks.

Coinbase, the major crypto trading platform, didn’t take any steps toward the Vasil upgrade. But the recent tweets showed that Coinbase would give its support to upgrade the hard fork and it stated that “ADA transactions would be suspended during the Cardano Vasil hard fork.” 

Recently, Cardano Vasil went live to share their “significant performance and capability” for the upgraded version of the hard fork. Cardano encountered numerous controversies and challenges in implementing the changes to the upgraded version of the Vasil hard fork. Input Output Hong Kong (IOHK) launched Cardano’s mainnet hard fork before it went live.

IOHK stated that “the most innovative upgrade developed by the developers has brought the capacity to fork to create faster blocks than before, without waiting for long validation. And it created an easy transmission.”

According to the data report, after the successful completion of the Vasil hard fork launch, it shows a rapid increase in social activity around ADA crypto exchanges. As per the estimation of analysts, Cardano will gain the interest of cryptocurrency platforms.

Nancy J. Allen
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