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FxCryptoNews

06/10/2024

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Cardano's 'Age of Voltaire': Decentralized Governance Unleashed

To begin with, Charles Hoskinson, the founder of Cardano, confidently announces the imminent completion of the Chang fork upgrade. In a recent X post, he affirms that the Cardano Node will reach version 9.0...

Cardano's 'Age of Voltaire': Decentralized Governance Unleashed

To begin with, Charles Hoskinson, the founder of Cardano, confidently announces the imminent completion of the Chang fork upgrade. In a recent X post, he affirms that the Cardano Node will reach version 9.0 by June.

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

Ushering in a New Era of Governance

Consequently, the Chang fork upgrade will mark the beginning of Cardano’s ‘Age of Voltaire,’ a game-changing milestone for the ecosystem. This era will signify a new dawn of decentralized, inclusive, and transparent governance, as outlined in Cardano’s official blog post.

Furthermore, Hoskinson expresses his enthusiasm for the upgrade, describing it as the “most significant milestone in the history of Cardano and for the industry as a whole.” He envisions Cardano becoming a “decentralized civilization spanning the entire world with millions of residents,” boasting the “most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us.”

Reflecting on Cardano’s Remarkable Journey

Additionally, Hoskinson reflects on the remarkable journey that has led to this pivotal moment, stating, “I can’t believe that in a single decade, we built a nation. I’m proud of all of you. Cardano gives me hope for our industry and the world. Let’s spend the next decade making a big dent in the universe.”

Cardano’s Development Team Embraces the ‘Game Changer’

Moreover, Cardano’s development team acknowledges the transformative potential of the Chang fork upgrade, dubbing it a “game changer” that could propel the platform to the forefront of the blockchain revolution. This milestone represents the culmination of years of dedicated effort, community engagement, and rigorous testing.

Besides, the development team aims to include CIP-69 in the hard fork, which aims to enhance the development process on Cardano by consolidating arguments for all existing types of Plutus scripts.

ADA’s Modest Price Movements

Meanwhile, amidst this pivotal development, Cardano’s native cryptocurrency, ADA, has experienced a modest 24-hour price increase of 1.43%, deviating from its recent downtrend. However, ADA’s current trading price of $0.4417 still reflects declines of 1.8% and 5.13% over the past week and month, respectively.

In conclusion, Cardano’s Chang fork upgrade is poised to usher in a new era of decentralized governance and innovation, as the platform strives to become a “decentralized civilization” with the support of its dedicated community. Ultimately, the Cardano team’s enthusiasm and the community’s commitment suggest a promising future for the ecosystem.

Read Also: Charles Hoskinson Defends Cardano’s Strength Amid Criticism

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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