As a long-term crypto investor with experience in following Cardano (ADA) closely, I’m genuinely excited about the upcoming Chang upgrade. With the recent release of Cardano Node 9.0, we’re getting closer to realizing the potential of this ambitious project. The introduction of decentralized governance is a game-changer that will allow the community to directly shape the network’s future on-chain.
Cardano (ADA) is getting close to the anticipated Chang upgrade, as indicated by the unveiling of Cardano Node 9.0. This major development brings the Cardano blockchain closer to one of its most ambitious overhauls, which is predicted to become operational toward the end of July. This upgrade introduces decentralized governance, enabling the Cardano community to exercise voting power and influence the network’s future direction directly on-chain.
As an analyst, I’m thrilled to share that Charles Hoskinson, Cardano’s founder, has expressed his excitement about the latest node release. He emphasized its significance in a recent statement, drawing a parallel from “Lord of the Rings” to signify the commencement of a new phase for our beloved Cardano project.
I, as an analyst, have observed Cardano’s history with upgrades to be markedly favorable, instilling considerable excitement regarding the upcoming Chang hard fork. In the year 2021 alone, a significant upgrade led to a remarkable 130% increase in ADA‘s price within a single month. Presently, ADA is experiencing a modest growth of 0.8% over the past 24 hours, with its current trading value at $0.37.
— Charles Hoskinson (@IOHK_Charles) July 9, 2024
As a researcher examining the latest GitHub release, I’ve discovered that it encompasses all essential modifications for implementing the Conway ledger era. Notably, this update introduces on-chain governance through CIP-1694.
As a crypto investor, I’m excited about the new node update that bridges the boundaries between hard forks on both the mainnet and long-term testnets like Preprod. This update makes it possible to begin the bootstrap phase of CIP-1694 in production environments. However, it’s important to note that DRep voting and all governance actions are not yet enabled with this version (9.0). Additionally, I’ll need to wait for the provision of a valid Conway-era Genesis file to cross the Chang hard fork, which will require a minor configuration update once received.
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2024-07-09 19:01