Charles Hoskinson, founder of the open source blockchain platform Cardano, expects significant events to take place in the Cardano ecosystem in June.
On June 9, Hoskinson announced that Cardano’s upcoming Chang fork on
This means that the Cardano blockchain is ready for a hard fork and is currently waiting for 70% of stake pool operators (SPOs) to install new nodes.
“Then a hard fork could occur, pushing Cardano into the Voltaire era,” Hoskinson said, referring to the latest phase of Cardano’s development.
Voltaire is the final era of the Cardano roadmap.
Stages of Cardano’s development, also known as “eras”, are named after prominent figures in poetry and computer science, including Lord Byron, Percy Bysshe Shelley, Joseph Goguen, Matsuo Bashō, and Voltaire.
The first three steps implemented the basic blockchain, decentralization, and smart contracts. The Basho era focuses on blockchain scaling. The final era, Voltaire, adds governance, voting, and treasury management capabilities to the Cardano blockchain.
Chang will be the first hard fork in the Voltaire era of the Cardano roadmap. This era will introduce community-run governance by enabling on-chain community consensus and allowing Cardano (ADA) holders to vote on proposals using their tokens.
The upgrade is named in honor of Phil Chang, an early leader in Cardano governance who passed away in 2022.
Hoskinson expects Chang to enable a “decentralized civilization” for millions of people.
According to the Cardano co-founder, Chang is “the most important milestone in Cardano’s history,” which will help the blockchain ecosystem enable “a globally distributed civilization with millions of inhabitants.”
Related: Memecoin enthusiasts see Cardano dropping out of the top 10 cryptocurrency rankings.
Hoskinson, along with Chang, predicted that Cardano will have “the most advanced blockchain governance system” and annual budget, as well as financial and valuable insights from the community. He added:
“For some of us, this incredible journey has taken almost 10 years. It’s hard to believe that we built a country in just 10 years. I am proud of all of you. Cardano gives me hope for our industry and the world. “Let’s make big changes to space over the next 10 years.”
Cardano’s much-anticipated hard fork is set to come amid a notable decline for the ADA cryptocurrency in 2024. Since January 1, the cryptocurrency has plummeted more than 26%, from around $0.60 to $0.44 at the time of this writing. , according to data from CoinGecko.
In early April, ADA fell out of the top 10 coins by market capitalization, giving way to Telegram-linked cryptocurrency Toncoin (TON).
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