Charles Hoskinson, the visionary behind Cardano(ADA), has declared June a pivotal month for the blockchain platform. A long-awaited technical upgrade, the Chang hard fork, is poised to usher in a new era for Cardano, one that Hoskinson himself deems “the most significant milestone in the history of Cardano and for the industry as a whole.”
The groundwork for this monumental shift is being laid by the upcoming release of Cardano node 9.0. This update paves the way for the Chang fork, acting as a gateway to the much-anticipated “Age of Voltaire.” This new era signifies a paradigm shift for Cardano, transforming it into a platform with a robust system of decentralized governance.
The power to enact this change, however, lies not solely with the Cardano team, but with the community itself. Stake Pool Operators (SPOs) – the lifeblood of Cardano’s proof-of-stake system – hold the key. Once 70% of SPOs adopt the new node software, the Chang hard fork can be initiated.
This community-driven approach fuels optimism for a truly decentralized future. As one ADA enthusiast remarked, “the SPOs actually make the decision? LFG Cardano community!” This stands in stark contrast to centralized models where control rests with a single entity.
Following the hard fork, Hoskinson envisions Cardano evolving into a “globally decentralized civilization” with millions of participants. This “civilization” will boast a sophisticated governance system, complete with annual budgets and a community-managed treasury.
Hoskinson’s vision extends beyond Cardano. He believes this milestone signifies a turning point for the entire cryptocurrency industry. Looking back at the journey, he marvels at the progress made, reflecting on how, in just a decade, the Cardano team has effectively built “a nation.” This accomplishment fills him with immense pride and hope, not just for Cardano, but for the transformative potential of blockchain technology.
His concluding remarks serve as a rallying cry to the Cardano community: “spend the next decade making a big dent in the universe.” With the Chang hard fork on the horizon, Cardano seems poised to fulfill its promise of a decentralized future, governed by the collective wisdom of its community.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
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