Cardano (ADA) Jumps 5% As Major Governance Node Update Goes Live

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As a seasoned crypto investor with a deep interest in the Cardano ecosystem, I’m thrilled to witness the recent progress and developments surrounding ADA. The introduction of Cardano node v9.0 is an exciting milestone that brings us one step closer to realizing the decentralized governance envisioned for this project.

As a crypto investor, I’ve noticed an approximately 5% surge in Cardano (ADA) prices lately. This uptick can be attributed to the arrival of Cardano node v9.0. With this significant update, Cardano is making strides towards a new decentralized governance era. I believe this development holds promise for the future of ADA and the Cardano blockchain.

What Next After Cardano Node v9.0?

In simple terms, at X, Intersect, which is a community group focused on the Cardano project, made an announcement about the initiation of a new governance node for the Cardano system.

As a researcher studying the Cardano blockchain, I’d like to share some exciting developments from last Tuesday. The launch of Cardano node v9.0 signified the culmination of the primary development phase for on-chain governance in our project. This significant milestone initiated ecosystem-wide testing and adoption. Among the notable features introduced with this governance node are support for Plutus v1 reference scripts and Plutus script signature functionality through CIP-69.

The new version 9.0 of the Cardano node is available now! With this update, the main work on on-chain governance comes to a close, marking the beginning of community-led testing within the ecosystem.

New and thrilling additions include the compatibility with Plutus v1 reference scripts and CIP-69. This marks a significant advancement towards the decentralized governance as previously planned.

— Intersect (@IntersectMBO) July 9, 2024

This is an important achievement towards achieving the decentralized governance outlined in the CIP-1694 proposition. In essence, this launch, along with some other recent actions taken by Cardano, are all aimed at ensuring a successful transition to the Chang Hard Fork update.

When Charles Hoskinson announced the Chang Hard Fork upgrade for Cardano earlier in the year, he emphasized that it was merely an upgrade but a significant step forward in the path to full community governance for ADA. In response, Intersect has been dedicating its resources and efforts towards providing the essential infrastructure required for this upgrade’s implementation.

As a crypto investor in Cardano, I’m excited about the upcoming upgrade named Chang. This significant update will bring decentralized governance to our blockchain, aligning with the vision presented during the Voltaire era of Cardano’s roadmap. The specifics of this implementation can be found in CIP-1694.

Cardano Node v9.0 Marks Arrival of Chang Hard Fork

As a Cardano investor, I’ve been eagerly anticipating the arrival of Cardano node version 9.0, as Hoskinson had previously assured us of its imminence within the Cardano community. Initially, the Cardano team projected that the Chang Hard Fork upgrade would be completed by June.

As an analyst, I’m excited to share that Cardano’s long-awaited node v9.0 update has finally landed. This significant milestone indicates that the Cardano network is now prepared for the upcoming Chang Hard Fork. According to the team’s announcement, the official launch is scheduled for Q1 2024. Therefore, we can expect the Cardano Chang Hard Fork to occur within a few weeks from now.

The excitement surrounding the upcoming upgrade and the achievement of a governance node milestone have led to an upward trend for ADA. As reported by crypto market tracker CoinMarketCap, ADA’s current price stands at $0.3751. Initially, there was a 5% price rise, but this has been somewhat tempered and the currency’s 24-hour growth is now limited to a 3% surge.

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2024-07-09 21:58