Cardano Celebrates Successful Chang Hard Fork
The Cardano blockchain has reached a significant milestone with the completion of its Chang hard fork, marking the beginning of the “Conway ledger era.” This update signifies a series of improvements that focus on decentralizing the governance of the blockchain through the upcoming Voltaire upgrade phase.
Community Embraces the Upgrade
The primary highlight of the hard fork is the shift in the governance model on Cardano, enabling every ADA holder to propose ideas or engage in the decision-making process. The Cardano Foundation expressed this democratic transition in a statement, welcoming the community to the new era of decentralized governance known as Voltaire.
- Romain Pellerin, CTO at Input |Output, emphasized the historical significance of the hard fork, praising the activation of Voltaire decentralized governance.
- Charles Hoskinson, the founder of Cardano, likened the hard fork day to an “independence day” for the Cardano ecosystem, granting equal participation to all ADA holders in shaping the protocol’s future.
- Noted crypto analyst Dan Gambardello lauded the completion of the Chang hard fork, celebrating the community-driven nature of Cardano’s development.
Technical Enhancements of the Chang Hard Fork
From a technical standpoint, the Chang hard fork introduced Plutus v3, enabling advanced cryptographic features to enhance transaction efficiency and security measures. The update also included optimizations for smart contracts, introducing new tools for improved performance and cryptographic operations.
- Plutus v3 implementation introduced support for efficient zero-knowledge proofs and enhanced cross-chain interoperability through cryptographic primitives.
- The update included performance enhancements for smart contracts, reducing script size and execution times by introducing new bitwise primitives for data manipulation.
- Improvements were made to script size and throughput to enhance operational efficiency and align with industry standards.
Technical Glitch Post Hard Fork Activation
Despite the successful implementation of the Chang hard fork, a minor bug surfaced post-activation, causing disruptions in ledger state snapshots. Intersect, an organization within the Cardano community, promptly addressed the issue and initiated a hotfix to rectify synchronization problems that arose when nodes restarted post-fork.
- Intersect reported the glitch affecting ledger state snapshots and promised a hotfix to prevent prolonged synchronization issues following node restarts.
- A node version 9.1.1 hotfix was in preparation to address the bug and ensure optimal network performance for affected users.
- The Cardano development team worked diligently to finalize the hotfix, aiming for a swift release to resolve synchronization concerns.
Current State of ADA Post-Hard Fork
As of the latest update, ADA was trading at $0.3294, reflecting the community’s positive reception of the Chang hard fork and the exciting possibilities that lie ahead for the Cardano ecosystem.
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