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- Cardano Node 9.0 sets the stage for the Chang hard fork and a decentralized governance system.
- Despite technological advances, ADA is seen as undervalued with fluctuating prices.
Cardano Founder Charles Hoskinson has projected a major hard fork is on track to go live on the protocol this month, upside for ADA is huge. Hoskinson’s vision for Cardano not only underscores significant technological advancements but also highlights a broader commitment to reshaping how blockchain technology can influence global governance and community collaboration.
In a recent tweet, Hoskinson expressed his anticipation for the upcoming advancements in the Cardano blockchain. Hoskinson forecasts that June will be a pivotal month, marking the release of Cardano Node 9.0.
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
This upgrade is a critical step toward achieving a comprehensive decentralization and governance framework known as the Age of Voltaire. Three key pieces of information emerged from Hoskinson’s announcement:
- Preparation for a Hard Fork: With the release of Cardano Node 9.0, the network is prepared for the Chang fork. This update is contingent on 70% of Stake Pool Operators (SPOs) installing the new node software, which will then allow for a hard fork, transitioning Cardano into the Age of Voltaire.
- Decentralized Governance and Expansion: The Age of Voltaire represents a significant evolution for Cardano, positioning it as a “decentralized civilization” with millions of participants worldwide. This phase will introduce an advanced blockchain governance system, complete with annual budgets and a treasury, all guided by the collective wisdom of the Cardano community.
- A Decade of Development: Reflecting on the journey, Hoskinson highlighted the nearly ten-year effort that has gone into building Cardano. He shared his pride in the community’s accomplishments and expressed optimism for the future, emphasizing the potential to make substantial impacts on a global scale in the coming decade.
Despite Cardano’s stature as one of the top ten most capitalized digital currencies, many market observers believe that its price remains undervalued. Currently, ADA is trading at $0.4439, experiencing a slight increase of 1.37% over the past day, yet it has seen a decrease of 1.14% over the last week.
