Cardano Prepares for Voltaire After Completing Basho
Cardano, a smart contracts platform and Ethereum competitor, is currently in transition as it prepares to move from the Basho phase to the Voltaire phase. During the last phase, developers primarily focused on scaling and enhancing the performance of the platform. One key aspect of this transition involves the complete activation of the Chang hard fork, which is currently underway.
Chang Hard Fork Readiness Progress
- Only 33% of all stake pool operators (SPOs) were ready for the Chang hard fork as of August 19.
- 14% of all supportive exchanges had completed their readiness preparations by the same date.
Once all SPOs update their nodes and the network transitions to the Voltaire phase, there will be several benefits for the Cardano ecosystem. One of the most significant changes will be the adoption of a decentralized governance model, providing more opportunities for community participation in decision-making processes.
Cardano’s Potential in ZK-Scaling Race Post-Chang
According to insights shared by an observer referencing Philip DiSarro, the founder of Anastasia Labs, Cardano is well positioned to lead the zero-knowledge (ZK) scaling race following the Chang hard fork. DiSarro believes that the updates brought by Chang will give Cardano a competitive edge in the scaling landscape, giving the platform a significant advantage.
- Integration of Plutus v2 post-Chang will enable developers to create and launch smart contracts more efficiently.
- The programming language’s ability to handle complete computations forms the foundation for ZK proofs and other advanced functionalities.
- New features post-update will support off-chain computation, a crucial element for ZK-rollups.
As a result, the observer is confident that Cardano will offer a unique value proposition, particularly in the realm of ZK scaling solutions. The platform’s features and capabilities post-Chang are expected to set it apart and ensure it remains a frontrunner in the ongoing scaling competition.
Importance of Transaction Determinism in Scaling
While Ethereum is currently focusing on scaling through optimistic rollups, which involve bundling transactions for offline approval, Cardano’s emphasis on ZK scaling and its support for determinism could provide a more efficient and decentralized approach to transaction processing.
- Cardano’s deterministic system ensures that all transaction inputs will consistently produce the same outputs, enhancing predictability in transaction outcomes.
- This feature aligns well with ZK scaling requirements and contributes to the platform’s overall scalability and efficiency.
By prioritizing transaction determinism and supporting ZK scaling solutions, Cardano aims to streamline transaction processing and enhance the overall user experience within its ecosystem.
ADA Price Analysis Amid Transition Phase
As Cardano undergoes its transition phase and prepares for the upcoming changes, the ADA token continues to experience price pressure in the market. Currently, ADA is facing a 60% decline from its peak in March 2024 and is retesting critical support levels around $0.30.
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