Cardano Founder Reveals Exciting Updates on Chang Hard Fork
Recently, Charles Hoskinson, the founder of Cardano, shared significant updates on the progress of Cardano and the highly anticipated Chang hard fork. In an engaging Ask Me Anything (AMA) session broadcast live from Wyoming, he provided insights into the platform’s journey and milestones reached. Here are the key highlights from the AMA:
Node 9.0 Progress
• Node 9.0, crucial for the upcoming Chang hard fork, is nearing completion.
• This update follows version 8.2.2 and focuses on compatibility and stability.
• The new node is expected to be released next week, pending final checks and testing.
Transition to the Age of Voltaire
• The Chang hard fork signifies the beginning of the age of Voltaire, emphasizing governance.
• This development phase, two years in the making, aims to enhance community engagement in decision-making processes.
• Achieving a 70% network node density will trigger the hard fork and introduce new governance capabilities.
Future Plans: Basho Era
• Moving forward, the platform will focus on scalability and optimization under the Basho era.
• Community input will play a crucial role in balancing trade-offs between on-chain and off-chain data handling.
• Decisions on sharding, transaction processing, and fees will require extensive community discussions and input.
Upcoming Milestones
• The roadmap includes milestones like Plutus V3, Hydra, Leios, and Mithil, set for the next governance vote.
• This vote will determine how resources are allocated and solidify the community-driven development model.
Cardano’s Evolution
• Hoskinson reflected on the platform’s growth over the past decade, from a static system to a dynamic, decentralized platform.
• He highlighted Cardano’s evolution into a leading blockchain platform with strong smart contract capabilities and governance.
• The community’s increasing control over the roadmap demonstrates Cardano’s maturation and success.
Continued Conversation
• Despite technical difficulties during the AMA, Hoskinson committed to addressing any unresolved questions promptly.
• He plans to continue the conversation from his office, ensuring all community concerns are addressed.
• At the time of writing, ADA traded at $0.377.
Hot Take: Cardano’s Path to Success
As Cardano prepares for the Chang hard fork and enters the age of Voltaire, the platform is poised for significant growth and development. With a strong focus on governance and community engagement, Cardano continues to solidify its position as a leading blockchain platform. The upcoming milestones and roadmap updates demonstrate the platform’s commitment to innovation and decentralization. Stay tuned for more exciting developments from Cardano as it evolves in the ever-changing crypto landscape.
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