Binance.US Supports Cardano Improvement Vasil Hard Fork

JAKARTA The Binance.US crypto exchange has announced its support for the increase in the Cardano Vasil Hard Fork network which will be carried out on September 22 tomorrow. This information was conveyed by the US branch of Binance on September 20 yesterday.

BinanceUS akan mendukung peningkatan dan hard fork Cardano $ADA "Vasil" yang akan datang, yang diperkirakan terjadi pada 22 September 2022 sekitar pukul 2:45 PDT / 5:45 EDT, tulis keterangan Binance.US, 20 September kemarin.

Based on the information in the announcement, Binance.US will temporarily suspend the deposit process and withdrawal (withdrawal) of the ADA token on the date of the increase in Cardano Vasil.

While crypto exchanges will suspend deposits and token withdrawals, ADA trading will reportedly not be affected as long as this network upgrade takes place.

According to Coincu, Vasil's changes to Cardano's ledger will allow UTXO input and input to be used in the script contract without having to spend it. In other words, facilitating access to information stored on the blockchain without spending and recreating UTXO, as happened before.

Adjustments to how reference scripts are handled enable significant reductions in the size of transactions running them, which previously led to delays in processing.

Another upgrade after Vasil will include what is known as difusion pipeline. This is one way to increase Cardano's speed and scalability potential by shortening some blank time by deploying previous blocks for their full validation, while still validating the header.

The Hard Fork Vasil is a highly anticipated Cardano upgrade. At the time of writing, the price of ADA is trading at the level of Rp6,874. The performance of ADA's crypto price has increased by 2.4 percent in the last 24 hours. Meanwhile, on September 2, 2021, ADA had incised an all-time high price (ATH) at a price of Rp44,039 per coin, according to data from Coinecko.