Cardano Node 9.0 is paving the way for the Chang hard fork and a decentralized governance system.
Despite advancements in technology, ADA is viewed as underappreciated due to its volatile prices.
Founder of Cardano, Charles Hoskinson, has announced a significant hard fork set to launch on the protocol this month, with promising potential for ADA. Hoskinson’s vision for Cardano not only showcases notable technological progress but also emphasizes a broader commitment to revolutionizing how blockchain technology can impact global governance and community collaboration.
In a recent tweet, Hoskinson expressed his excitement for the upcoming developments in the Cardano blockchain. He anticipates June to be a crucial month, marking the debut of Cardano Node 9.0.
It appears that June will witness the arrival of Cardano Node 9.0. This signals that Cardano is prepared for the Chang fork, pending the installation of the new node by 70% of Stake Pool Operators (SPOs). Subsequently, a hard fork can take place, propelling Cardano into the Age of Voltaire.
This upgrade is a significant milestone towards achieving a comprehensive decentralization and governance structure known as the Age of Voltaire. Three key points emerged from Hoskinson’s announcement:
Preparation for a Hard Fork: With the release of Cardano Node 9.0, the network is primed for the Chang fork. This update hinges on the installation of the new node software by 70% of SPOs, enabling a hard fork to transition Cardano into the Age of Voltaire.
Decentralized Governance and Expansion: The Age of Voltaire signifies a notable evolution for Cardano, positioning it as a “decentralized civilization” with millions of participants globally. This phase will introduce an advanced blockchain governance system, complete with annual budgets and a treasury, all guided by the collective wisdom of the Cardano community.
A Decade of Development: Reflecting on the journey, Hoskinson commended the nearly ten-year endeavor that has gone into building Cardano. He expressed pride in the community’s achievements and optimism for the future, highlighting the potential to make significant impacts on a global scale in the upcoming decade.
According to a recent update by CNF, Cardano has rolled out node version 8.9.2 to address a critical flaw in its peer-sharing networking feature. This latest version resolves a significant issue that has been affecting the platform’s p2p networking capabilities.
As the Cardano community adapts to the changes related to the impending Chang hard fork announced by founder Charles Hoskinson, concerns about the impact of these developments on ADA’s price persist.
Despite Cardano’s position as one of the top ten most capitalized digital currencies, many market observers believe that its value is underestimated. Currently, ADA is trading at $0.4439, showing a slight increase of 1.37% in the past day, but a decrease of 1.14% over the last week.
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