Binance and Coinbase Ready for Cardano's 'van Rossem' Hard Fork Upgrade

1 hour ago 2 sources positive

Key takeaways:

  • ZK-ready cryptography positions ADA to lead in privacy-focused DeFi, sparking developer speculation.
  • Major exchange support signals institutional confidence, likely reducing ADA sell-pressure post-upgrade.
  • Smooth decentralized governance transition bolsters Cardano's stability narrative, attracting long-term holders.

Major cryptocurrency exchanges Binance and Coinbase have confirmed their operational readiness to support Cardano’s forthcoming V11 upgrade, known as the “van Rossem” hard fork. This intra-era upgrade is designed to optimize the Layer-1 blockchain’s infrastructure without disrupting the main chain.

The hard fork aims to dramatically reduce smart contract execution costs and introduce zero-knowledge (ZK)-ready cryptography, paving the way for the future Dijkstra era. On-chain data shows that 88% of weekly blocks are already being produced under the new node software, with the required voting thresholds met by delegated representatives (DReps) and stake pool operators (SPOs).

Only the formal approval and signature of the decentralized Constitutional Committee remain to trigger the final mainnet deployment. The broad consensus signals a smooth and well-coordinated transition.

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