Cardano Reached Epochal, another Decentralization Milestone
AI Trading

Some much-awaited expectations have emerged in the Cardano ecosystem, while some major developments are still upcoming.

In the course of this major uprising, Cardano Foundation has via its community account on Twitter reiterated what users must do to stay safe after the much-anticipated Network upgrade.

The reminder was shared a few hours ago through the official Twitter handle of the Cardano community.

It’s necessary for users to adhere in order to be at the safer side as scammers hide behind the recently upgraded Cardano (ADA) network to dupe unsuspecting community members.

AI Trading

The reminder says that the Cardano (ADA) users don’t need to do anything during and after the OBFT hard fork. It also shares that users must not reveal their private keys and/or any vital details.

Cardano community shared this, “ICYMI: Here’s a reminder that you do NOT need to do anything for the Cardano OBFT hard fork (=software update). Scammers are actively trying to obtain your mnemonic (recovery phrase) words. Do not give them your private keys/words/details/whatever. Stay safe!”

This recent reminder is meant to reiterate the previous precaution shared via the same channel of communication on 21st February 2020, which was a day after the OBFT hard fork was conducted.

“We have now entered the “OBFT” era. OBFT stands for “Ouroboros Byzantine Fault Tolerant”. ADA holders DO NOT need to take any action during or after the hard fork. NO new ADA coins are created and/or cannot be claimed. Beware of scammers telling you differently!”

AI Trading

HeraldSheets.com produces top quality content for crypto companies. We provide brand exposure for hundreds of companies. All of our clients appreciate our services. If you have any questions you may contact us. Cryptocurrencies and Digital tokens are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by our authors and the views expressed in them do not reflect the views of this website. Herald Sheets is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Read full terms and conditions / disclaimer.

Solomon Odunayo

By Solomon Odunayo

Solomon Odunayo is an accomplished blockchain and cryptocurrency expert at Herald Sheets, known for his in-depth analysis and engaging articles that cater to both beginners and experienced readers. With a degree in Computer Science from the University of Lagos, Solomon leverages his technical background and keen understanding of the crypto space to provide readers with valuable insights and up-to-date news. His passion for innovation and commitment to staying current with industry developments make him a trusted voice in the digital currency community.