The post Cardano Founder Charles Hoskinson Teases Major Change For ADA – Here’s What We Know appeared on BitcoinEthereumNews.com.

The Cardano Chang hard fork is finally within reach, promising historic changes for the blockchain. Cardano founder, Charles Hoskinson, has teased significant updates and major changes set to take place for ADA.  Cardano To Record Historic Moment With Chang Hard Fork In an X (formerly Twitter) post on June 9, Hoskinson announced the imminent release of the highly anticipated Chang hard fork. The Cardano founder declared that June will be the month that the Cardano Node will reach 9.0, signaling the network’s readiness for the new hard fork.  The Chang hard fork is an upgrade designed to empower the Cardano community with greater influence over the network’s governance. This update will grant ADA holders voting rights on proposals and introduce important tools and infrastructure to support the proposed governance changes, potentially enhancing the network’s decentralization and positively affecting the value of ADA.  Hoskinson disclosed that the forthcoming upgrade was contingent on 70% of Stake Pool Operators (SPOs) installing the new node, after which the hard fork will transition Cardano into the “Age of Voltaire.” He emphasized the remarkable nature of this development, declaring the Chang hard fork to be the most significant milestone in the history of Cardano and the broader cryptocurrency industry.  Hoskinson highlighted the major changes set to occur within the Cardano blockchain, noting that Cardano will transform into a decentralized civilization that will extend its reach to all parts of the world, attracting millions of residents. He expressed confidence that Cardano will have the most advanced blockchain governance system, annual budgets, treasury and the support and wisdom of its rapidly growing community to guide the ecosystem towards these changes.  Reflecting on Cardano’s developmental journey throughout the years, Hoskinson expressed his pride in the Cardano community’s efforts and achievements over the past decade. He disclosed that the community…

---

Filed under: News - @ June 12, 2024 2:22 am