Binance.US Will Support Upcoming Cardano Network Upgrade and Hard Fork
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Cardano's Highly Anticipated Vasil Hard Fork Upgrade
The much-awaited Vasil hard fork, which will take place on the leading network on Thursday, September 22, will update the Cardano blockchain's smart contract capabilities, boost the chain's throughput, and lower expenses.
The native smart contract language of Cardano is called Plutus. Plutus (v)2, the second iteration of Cardano's programming language, will be delivered by Vasil. As the core component of Cardano, Plutus effectively separates the on-chain transaction validation from the off-chain code that powers smart contracts. This off-chain code runs on a user's computer. The new Plutus v2 features will be accessible one epoch following the hard fork on Thursday, which is anticipated to take place on September 27.
Binance.US Launches Cardano Staking Ahead of Upgrade
Customers could stake their ADA on the site to earn up to 6.1% APY upon launch, Binance.US stated on August 31. ADA is now a stakeable coin on Binance with AUDIO, AVAX, BAND, BNB, ATOM, LPT, MATIC, DOT, SOL, and GRT.
After Cardano revealed that Binance had updated its node to the most recent version (v1.35.3), which is entirely compatible with the eagerly anticipated Vasil hard fork, the launch took place just a few days later.