An online trading platform has alerted its users about an upcoming hard fork for the Cardano blockchain. This scheduled network upgrade is set to take place on January 29, 2025, beginning at block 537 around 21:45 PM UTC. The duration of the upgrade is expected to be brief.
During this hard fork, it is anticipated that trading and access to Cardano (ADA) will largely remain unaffected unless the trading platform finds the upgraded network to be unstable. In the event of such instability, trading of ADA may be paused until the network returns to a stable state.
It’s important to note that Cardano coin transfers will be temporarily suspended during the fork. Additionally, the Wallet Send feature will not be operational starting one hour before the fork and will remain unavailable throughout its duration.
Users should take note of these developments and prepare accordingly for the network upgrade, keeping an eye on the platform’s announcements for any updates regarding the trading status.