Charles Hoskinson, the visionary behind Cardano, has highlighted a major milestone in the history of the Cardano blockchain.
In a recent update, Hoskinson revealed that June will be a crucial month for Cardano. The platform is gearing up to upgrade its node to version 9.0, setting the stage for the highly anticipated Chang fork.
Hoskinson specifically emphasized that the launch of Cardano node 9 signifies that the blockchain is ready for the Chang technical upgrade.
This update is not just a technical advancement, but a doorway to the “Age of Voltaire.” It will usher in a new era of decentralized governance for the Cardano ecosystem.
Cardano Prepares for its Most Significant Milestone Yet
The upgrade relies on the support of the community, particularly the Stake Pool Operators (SPOs), who must install the new node software. Once 70% of Cardano SPOs have implemented the update, the Chang hard fork can commence.
Hoskinson believes that this transition will officially mark the beginning of the Age of Voltaire. He sees this upcoming shift as a pivotal moment not only for Cardano but for the entire cryptocurrency sphere.
“This is the most significant milestone in Cardano’s history and for the industry as a whole,” remarked the Cardano founder.
Cardano Strives towards a Globally Decentralized Society
Furthermore, Hoskinson highlighted that following the hard fork, Cardano will transform into a globally decentralized society with millions of participants.
He envisions Cardano as having the most advanced blockchain governance system, complete with annual budgets and a treasury system—all guided by the collective intelligence of the community.
Reflecting on the journey, Hoskinson noted the remarkable progress made over nearly a decade. He expressed awe at how the Cardano team had effectively built “a nation” within just ten years.
Additionally, he expressed deep pride and gratitude towards the members of the Cardano ecosystem. Hoskinson believes that achieving this milestone within Cardano fills him with hope for the future of the industry and the world at large.
Hoskinson concludes with an inspiring call to action, urging community members to “spend the next decade making a big impact on the universe.”
Community Responses
The requirement for 70% of SPOs to participate in the Chang hard fork has sparked optimism among community members, who see Cardano as not being controlled by a single entity.
“I thought you made the decision, and you controlled the keys? So, the SPOs actually make the decision? LFG Cardano community,” remarked an ADA enthusiast.
However, some have expressed concerns that a blockchain with governance, treasury, and budgets may resemble a centralized society. Hoskinson clarified that this is not the case when these elements are managed by tens of thousands of people from over 100 countries.
Disclaimer: This article provides information and should not be considered financial advice. The opinions expressed in this article are the author’s own and do not necessarily reflect those of The Crypto Basic. Readers are advised to conduct thorough research before making any investment decisions. The Crypto Basic is not liable for any financial losses.
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