Cardano Node 9.0 is paving the way for the upcoming Chang hard fork and the implementation of a decentralized governance system. Despite advancements in technology, ADA is still considered undervalued, leading to fluctuating prices.
Founder of Cardano, Charles Hoskinson, has revealed plans for a major hard fork set to launch on the protocol this month, sparking optimism for the future of ADA. Hoskinson’s vision for Cardano goes beyond technological progress and aims to revolutionize 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, anticipating the release of Cardano Node 9.0 in June. This milestone will signal Cardano’s readiness for the Chang fork, pending the installation of the new node by 70% of Stake Pool Operators.
The upgrade to Cardano Node 9.0 is a crucial step towards achieving full decentralization and establishing a governance framework known as the Age of Voltaire. Hoskinson’s announcement highlighted three key aspects of this transition:
1. Preparation for a Hard Fork: The release of Cardano Node 9.0 prepares the network for the Chang fork, contingent on the majority of SPOs updating their node software. This will enable a hard fork that transitions Cardano into the Age of Voltaire.
2. Decentralized Governance and Expansion: The Age of Voltaire will position Cardano as a decentralized civilization with millions of participants globally. It will introduce an advanced governance system with annual budgets and a treasury, driven by the collective wisdom of the Cardano community.
3. A Decade of Development: Looking back on the journey, Hoskinson acknowledged the nearly ten years of effort put into building Cardano. He expressed pride in the community’s achievements and optimism for the future, foreseeing significant global impact in the coming decade.
Recent updates from CNF report the launch of Cardano node version 8.9.2, addressing a critical flaw in its peer-sharing networking feature. This update resolves issues affecting the platform’s p2p networking capabilities.
As the Cardano community prepares for the Chang hard fork, concerns linger about its potential impact on ADA’s price. Despite being among the top ten most capitalized digital currencies, many believe ADA is undervalued. Currently trading at $0.4439, ADA has seen a slight increase of 1.37% in the past day, but a decrease of 1.14% over the last week.
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