Cardano Founder Unveils Game-Changing Plans
Charles Hoskinson, the founder of Cardano (ADA), has announced a major update that is set to revolutionize the Cardano ecosystem. The upcoming release of Cardano Node’s 9.0 version in June will bring about the Chang hard fork, marking the beginning of the Voltaire Age for Cardano.
- The community eagerly awaits the impending changes as Cardano prepares for its next phase of development.
Impending Changes in Cardano Governance
Hoskinson is optimistic about Cardano’s future, projecting it to evolve into a decentralized global community. The Voltaire Age is expected to redefine Cardano’s governance through a series of incremental upgrades. The initial phase will focus on introducing decentralized voting mechanisms, as outlined in Cardano Improvement Proposal (CIP) 1694. This functionality is crucial as it empowers the community to propose and fund new projects directly, shaping the ecosystem.
“It’s the most significant milestone in the history of Cardano and for the industry as a whole. Cardano will be a decentralized civilization spanning the entire world with millions of residents. We’ll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us,” Hoskinson stated.
Further enhancements in the subsequent phase will enable proxy participation and treasury withdrawals, offering Cardano holders more control over community funds and decision-making processes. This deeper engagement is expected to enhance the platform’s evolution and foster community involvement.
- The recent release of node version 8.9.2 by Cardano augments the platform’s networking capabilities, addressing vital performance and scalability issues for optimal functionality.
- The upcoming Ouroboros Leios upgrade, endorsed by Hoskinson, aims to enhance transaction efficiency and scalability to bolster Cardano’s competitiveness in the blockchain landscape.
Price Analysis and Community Response
Despite the significant updates and improvements, the price of ADA has exhibited minimal fluctuations, with a mere 1% increase over the past 24 hours, currently trading at $0.4407. This stability is noteworthy considering the bullish trend in the cryptocurrency market in 2024. However, Cardano has witnessed a 30% decline in value year-to-date, with only 32.39% of ADA holders currently in profit at this price level.
- Data suggests that the average ADA holder maintains their investment for approximately a year, reflecting a strong belief in Cardano’s long-term potential.
- Optimism and enthusiasm are palpable within the Cardano community, particularly towards the upcoming Chang Fork, signaling a positive outlook for the asset’s future.
The Community’s Excitement and Expectations
“After the Chang hard fork, Cardano will emerge as the most decentralized asset globally. All ADA holders will have a say in how the treasury of 1.5 billion ADA is allocated and in shaping the future of Cardano,” expressed Cardano investor Av Sebastian.
By
By
By
By
By