Cardano Unveils Plan 529 as Major Hard Fork Upgrade Approaches

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As a seasoned crypto investor with roots deeply entrenched in the Cardano ecosystem, I find the latest development surrounding the Plomin hard fork quite heartwarming and significant. The naming of this hard fork after Matthew Plomin, a beloved figure in our community and co-founder of Cardano USDM stablecoin, is a poignant tribute to his contributions and legacy.

According to the latest news from Intersect, Cardano is set to launch Plan 529, which marks an important milestone as it leads up to the planned Plomin hard fork update.

By the end of November, it was announced that the group working on the next hard fork within the Cardano era would honor Matthew Plomin, a devoted member of the Cardano community and co-founder of the Cardano USDM stablecoin, who sadly passed away in November. Previously, this hard fork was called the Chang 2 hard fork, but it will now be named after Matthew.

As stated by the member-led group Intersect, Plan 529 outlines the essential steps for governing a mainnet hard fork, which is scheduled to occur during epoch 529.

— Intersect (@IntersectMBO) December 4, 2024

In the past few weeks, the Hard Fork Working Group has been deliberating on the conditions necessary for a secure upgrade of the mainnet hard fork. They believe these conditions have now been fulfilled. They expect that the mainnet epoch 529, starting on December 20 at 9:44 p.m. UTC, will likely meet the availability and time requirements. Intersect has marked this date as the tentative schedule for the mainnet hard fork upgrade to take place.

Intersect emphasized that by clearly indicating our intentions early on, the community can effectively arrange their last-minute preparations swiftly, reducing the gap between proposing a governance action and its execution, typically within approximately two epochs, though it’s almost unheard of.

Likely key dates ahead

Moving the implementation of the Plomin mainnet hard fork to January 4, 2025 in epoch 529 ensures that it doesn’t conflict with celebratory or holiday periods for some, providing ample time for those within the ecosystem to make their final preparations beforehand.

According to the bootstrap governance framework, Plan 529 during the specified epoch offers the ideal chance for SPOs (Stakers-Proof-of-Stake) and the ICC (Interchain Congress) to cast their votes on the proposed hard fork in January 2025. The ratification and execution of this change can take place anytime between January 4th and January 29th, 2025.

As a member of the Cardano community, I recently learned about a minor node release, version 10.1.3, that was announced by the team. This update is intended to resolve Issue #4772.

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2024-12-04 18:54