Charles Hoskinson, the mastermind behind Cardano (ADA), has emphasized that a significant update is on the horizon for the blockchain ecosystem. The highly anticipated hard fork, known as Chang, is set to debut later this month, ushering in a new era in the network dubbed the “Era of Voltaire.”
With excitement building within the Cardano community over these ecosystem developments, speculation is rife about whether this will lead to a surge in the price of the ADA cryptocurrency.
“It appears that June will witness the arrival of Cardano Node version 9.0. This signifies that Cardano is poised for the Chang fork, pending the installation of the new node by 70% of SPOs. Once this threshold is met, the fork will propel Cardano into the Age of Voltaire, marking a monumental milestone for Cardano and the industry at large,” Hoskinson remarked.
The Chang hard fork is designed to introduce Voltaire, a cutting-edge governance system. As Hoskinson pointed out, Voltaire is set to become the most advanced blockchain governance system available in the industry.
“Cardano is set to become a decentralized civilization with a global reach, boasting millions of residents. We will have a sophisticated blockchain governance system in place, complete with annual budgets, a treasury, and the collective wisdom of our community to steer us forward. It has been a remarkable journey for some of us over the past decade. To think that in just ten years, we have built a nation is truly awe-inspiring. I am immensely proud of each and every one of you. Cardano instills hope in me for our industry and the world. Over the next decade, we will strive to make a significant impact on the universe,” he added.
In a recent tweet, Hoskinson hinted at the imminent release of Cardano Node version 9.0 and the upcoming Chang fork, marking a pivotal moment for the project.
Last month, Charles Hoskinson announced the integration of Cardano Improvement Proposal (CIP) 69 into the forthcoming Chang hard fork. He explained the rationale behind this decision-making process, citing the community’s demand for CIP-69 and the support from various stakeholders.
As of the time of writing, the price of Cardano was sitting at US$0.447, reflecting a 1.2% increase in the past 24 hours.
Disclaimer: The opinions expressed in this article are solely for informational purposes and do not constitute financial or investment advice. Investing in cryptocurrencies carries inherent risks of financial loss.
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