As a seasoned crypto investor with a penchant for blockchain technology and a soft spot for Cardano (ADA), I can’t help but feel a palpable sense of excitement as we edge closer to the Chang hard fork. With 63% of stake pool operators already on board, it seems that the decentralized future of Cardano is just around the corner.
The proof-of-stake blockchain, Cardano, is nearly ready to launch the eagerly awaited Chang hard fork.
The latest data shows that 63% of stake pool operators (SPOs) have now upgraded to Node 9.1.0.
As a proud Cardano (ADA) holder, I’m eagerly anticipating the upcoming hard fork that will empower me and fellow investors to play an active role in shaping the future of this blockchain. This transformation aims to establish Cardano as a truly decentralized platform, where every ADA owner gets a voice in deciding how the network functions.
As an analyst, I’m excited to announce that the imminent hard fork will usher in the Voltaire era, a time dedicated to refining and strengthening our blockchain’s decentralized governance model. This shift represents a significant step forward in our journey towards a truly democratic and distributed network.
As an analyst, I’d rephrase that as follows: In the initial phase of the hard fork rollout, I, along with Intersect – a community-driven organization for the Cardano ecosystem, will unveil a temporary version of our constitution. A Transitional Constitutional Committee (TCC) will be established to maintain the integrity of this temporary constitution. Initially, this committee will consist of seven members, with three seats reserved for active members of the Cardano community.
In the second segment of Chang, the emphasis shifts towards establishing a complete decentralized administration through the introduction of delegated representatives, often referred to as dReps. Essentially, ADA holders can delegate their voting authority to these representatives who advocate for their specific interests. Additionally, during phase two, the Council (CC) will broaden its membership, surpassing the current limit of seven members.
At that juncture, it falls upon the Cardano community to spearhead the further evolution and advancement of the blockchain.
A new bullish catalyst?
According to data provided by CoinGecko, Cardano (ADA) is down 2.2% over the past 24 hours.
After the highly anticipated upgrade seems ready to occur, there’s a good chance the token could see a significant price surge. But for the hard fork to take place, at least 70% of Staking Pool Operators (SPOs) must switch to the most recent version of the node software.
The ADA token remains outside of the top 10 with a valuation of roughly $11.5 billion.
According to U.Today, a “death cross” pattern has emerged in Cardano’s (ADA) short-term chart. This pattern is often considered a delayed warning signal. Yet, the upcoming Chang hard fork might serve as a positive trigger that could reverse this trend.
Read More
- SOL PREDICTION. SOL cryptocurrency
- LUNC PREDICTION. LUNC cryptocurrency
- ENA PREDICTION. ENA cryptocurrency
- BTC PREDICTION. BTC cryptocurrency
- USD PHP PREDICTION
- SHIB PREDICTION. SHIB cryptocurrency
- USD ZAR PREDICTION
- USD COP PREDICTION
- Red Dead Redemption: Undead Nightmare – Where To Find Sasquatch
- Top gainers and losers
2024-08-07 18:37