As a long-term crypto investor who has been following Cardano closely since its inception, I’m excited about the upcoming Voltaire hard fork. The fifth stage of Cardano’s roadmap represents a significant leap towards creating a self-sustaining ecosystem and enhancing decentralization and transparency within the network.
According to a recent update from Charles Hoskinson, the founder of Cardano – one of the major proof-of-stake blockchain networks – the project is nearing its most significant achievement yet.
As a crypto investor, I’m excited to share that Cardano has made it to the fifth phase of its developmental journey, which is referred to as “Voltaire.” In this stage, the network is being transformed into an autonomous and self-governing ecosystem where stakeholders play a pivotal role in decision-making processes. This shift towards decentralization is a significant step towards realizing Cardano’s long-term vision.
According to Hoskinson’s prediction, the Cardano Node, which serves as the backbone of the Cardano network, is expected to hit version 9.0 by June.
As a crypto investor in Cardano, I’m excited to note that our network is currently prepared for a hard fork, with the upcoming upgrade being reminiscent of the one experienced by the Chang network. Approximately 70% of stake pool operators (SPOs) are now expected to install the new node software to ensure a smooth transition during this upgrade.
A hard fork involves two significant enhancements. In the first phase, the foundation will be laid for implementing decentralized voting and administrative functions. During the second phase, a range of governance capabilities will be fully integrated, including the ability to withdraw funds from the treasury.
As a Cardano analyst, I can explain that during the Voltaire era, we aim to amplify the degree of decentralization and promote greater transparency within our ecosystem.
With unwavering confidence, Hoskinson asserts that the Chang hard fork will represent a groundbreaking achievement for “the industry as a whole.” He envisions Cardano as a decentralized global civilization comprised of millions, boasting an advanced blockchain governance structure, annual budgets, a treasury, and the collective intelligence of our community to steer us forward. (X social media network)
I’ve noticed some criticism from crypto influencers lately regarding the Cardano network’s supposed lack of fundamentals. However, as an analyst closely following this project, I strongly believe there’s a significant disparity between these skeptics’ opinions and the actual state of affairs for Cardano.
The future strength of Cardano in 2024 is yet to be determined. So far, the performance of its native token ADA has been lackluster this year, falling out of the top 10 cryptocurrencies by market capitalization.
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2024-06-09 21:20