Cardano, the crypto platform renowned for its scientific and methodical approach, is preparing to take a decisive step! The imminent launch of its Chang Hard Fork update. This update marks the entry into the Voltaire era. The final phase of its ambitious roadmap, aimed at creating a fully decentralized blockchain ecosystem.

Cardano enters the Voltaire era with the Chang Hard Fork!

Charles Hoskinson announced that the crypto network was ready for the Chang Fork, scheduled for this month. This, once 70% of the Stake Pool Operators (SPO) have installed the new version of the node, Cardano Node 9.0. This upgrade is crucial to propel Cardano into the Voltaire era. An era that promises to bring significant advances in terms of decentralized governance and community autonomy.

The Voltaire era will introduce CIP 1694! A proposal allowing ADA holders to vote on topics and features beneficial to the Cardano ecosystem. A second phase will add innovative features like proxy voting and treasury withdrawals. This gives crypto users the ability to propose and fund projects within the Cardano ecosystem.

Crypto: an explosion of ADA after the update?

Historically, hard forks have often been associated with increased price volatility of the involved cryptocurrencies. They are often perceived as indicators of maturity and growth. For Cardano, increased decentralization and new governance features are likely to make ADA more attractive to long-term investors looking to participate in a robust and scalable blockchain ecosystem. Additionally, the ability of ADA holders to directly influence the future development of the platform could encourage greater adoption and use of the crypto.

While the immediate impact of the Chang Hard Fork on the price of ADA remains uncertain, the strengthened fundamentals and long-term growth prospects of Cardano could very well be the catalyst that ADA needs to take off. Only time will tell if this update will be the turning point for Cardano and its native crypto.

Source : Cointribune EN - Jul 8, 2024