Cardano’s Chang Hard Fork Completion In June, Says Founder Charles Hoskinson

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As a long-term Cardano investor, I’m excited about the recent announcement from Charles Hoskinson regarding the impending Chang Hard Fork upgrade. This development is significant because it represents a major step forward for Cardano and sets the stage for its entry into the “Age of Voltaire.”

As a passionate investor in the crypto world, I’m thrilled to share some exciting news from one of its pioneering figures, Charles Hoskinson, the visionary founder of Cardano. Recently, he announced on social media that the long-awaited Chang Hard Fork upgrade is slated for completion this coming June. This significant milestone represents a crucial turning point for Cardano and heralds its entry into what’s being referred to as the “Age of Voltaire.”

Cardano Founder Hints At Chang Hard Fork Launch Date

Hoskinson announced in his recent update on X that the Cardano Node is approaching version 9.0. Reaching this point indicates that Cardano is prepared for the Chang Hard Fork. His comment hints that the hard fork update may occur around June.

As a researcher, I’ve come across an interesting statement made by Charles Hoskinson regarding Cardano’s upcoming hard fork. He mentioned that when approximately 70% of Stake Pool Operators (SPOs) have updated to the new node, the hard fork will be instigated. This update holds significant importance as it marks the beginning of Cardano’s transition into what Hoskinson refers to as the “Age of Voltaire.” During this era, a groundbreaking governance model for the blockchain is set to be introduced.

Hoskinson highlighted that this upgrade marks the most substantial advancement in Cardano’s journey so far. He painted a picture of the future Cardano as a self-governing civilization, inhabited by millions from around the world.

Through this evolution, Cardano aspires to introduce one of the most intricate blockchain governance frameworks. It encompasses annual budgets, a treasury, and community-led decision-making mechanisms. Hoskinson’s remark, “In almost a decade, we’ve constructed a nation,” encapsulates his perspective and pride in Cardano’s development and its capacity to revolutionize the blockchain sector.

Decentralization and Governance

Hoskinson acknowledged the progress toward decentralization in Cardano but raised valid points regarding potential centralization within its ecosystem. To clarify, a user proposed that a blockchain characterized by organized governance and financing could bear similarities to a centralized structure.

In response to that statement, Hoskinson made it clear that the decision-making processes, finance, and budgeting in Cardano are overseen by more than 10,000 individuals from around 100 different countries. This highlights the profoundly decentralized character of Cardano, which is essential to its goal of building a unified, autonomous blockchain society on a global scale.

As a crypto investor in Cardano, I’m excited about the project’s goal to democratize power and decision-making through its governance model. This approach sets it apart from centralized systems where control is typically restricted to a select few. Cardano’s founder, Charles Hoskinson, has reiterated this commitment to decentralized finance (DeFi), emphasizing our collective focus as we build and expand this innovative ecosystem.

At the moment of composition, the cost of Cardano increased by 0.35% to reach $0.4415. Earlier in the day, its price touched a low of $0.436. Over the past 24 hours, there was a decrease of 7.6% in Cardano’s trading volume, which now stands at $360.69 million. According to CoinGlass statistics, the open interest for ADA futures contracts decreased by 1.08%, amounting to $253.36 million.

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2024-06-10 13:04