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The Crypto Times

06/10/2024

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Cardano Ready for Chang Fork with Node 9.0 Launch in June

Charles Hoskinson, the founder of Cardano, said that the Cardano Node will reach version 9.0 in June, marking a significant milestone for the blockchain platform. It looks like June will be the month that...

Cardano Ready for Chang Fork with Node 9.0 Launch in June

Charles Hoskinson, the founder of Cardano, said that the Cardano Node will reach version 9.0 in June, marking a significant milestone for the blockchain platform.

It looks like June will be the month that Cardano Node will reach 9.0. This means that Cardano is Chang fork ready and waiting for 70 percent of the SPOs to install the new node. Then, a hard fork can occur pushing Cardano into the Age of Voltaire.

It's the most significant…

— Charles Hoskinson (@IOHK_Charles) June 9, 2024

Hoskinson posted on X, saying that this upgrade prepares Cardano for the “Chang fork,” which will trigger a hard fork once 70% of Stake Pool Operators (SPOs) have installed the new node. 

The Cardano ecosystem has long awaited the Chang fork upgrade. This event will launch Cardano into the “Age of Voltaire,” a phase dedicated to enhanced blockchain governance. The Voltaire period, according to the official blog post, “signifies a new dawn for Cardano, where governance is decentralized, inclusive, and transparent.”

Hoskinson stressed the “significant milestone,” describing it as the most important in Cardano’s history and a watershed event for the blockchain industry. He envisions Cardano as a decentralized global community with advanced governance processes, annual budgets, and a treasury run by community members.

Reflecting on the decade-long journey, Hoskinson expressed pride in the achievements and hope for the future. He stressed Cardano’s potential to have a significant impact on the blockchain industry and the globe, encouraging the community to keep pushing for innovation and growth in the years ahead.

Cardano’s development team recognized the revolutionary potential of the Chang fork upgrade, describing it as a “game changer” that may drive the platform to the forefront of the blockchain revolution.

Cardano’s native cryptocurrency, ADA, had a minor 24-hour price spike of 1.43%, diverging from its recent downward trend. However, at its current trading price of $0.4417, ADA has dropped 1.8% and 5.13% in the last week and month, respectively. 

Also Read: Cardano Co-Founder Reflects on Alternative Path in Cardano’s Development



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