Charles Hoskinson, creator of the open source blockchain platform Cardano, anticipates an event
Charles Hoskinson, creator of the open source blockchain platform Cardano, expects a big event in June in the Cardano ecosystem.
On June 9, Hoskinson announced the
This means that the Cardano blockchain is ready for a hard fork and is now waiting for 70% of stake pool operators (SPOs) to install the new node.
“After this, a hard fork could occur, pushing Cardano into the Voltaire era,” Hoskinson noted, referring to the latest stage of Cardano’s development.
Voltaire is the latest era in Cardano’s roadmap
Cardano’s phases of development, also known as “eras,” are named after prominent figures in poetry and computing, including Lord Byron, Percy Bysshe Shelley, Joseph Goguen, Matsuo Basho, and Voltaire.
The first three phases implemented basic blockchain, decentralization and smart contracts. Basho Era focuses on blockchain scaling. Voltaire, the latest era, adds governance, voting and treasury management functions to the Cardano blockchain.
Chang will be the first radical fork in the Voltaire era of Cardano’s roadmap. This era will introduce community governance by enabling on-chain community consensus and allowing Cardano (ADA) holders to use their tokens to vote on proposals.
The upgrade is named after Phil Chang, one of Cardano’s early executives who died in 2022.
Hoskinson expects Zhang to enable ‘decentralized civilization’ for millions
According to the Cardano co-founder, Zhang is “the most important milestone in Cardano’s history,” which will help the blockchain ecosystem enable “a decentralized civilization spanning the entire world with a population of millions of people.” ‘residents “.
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Hoskinson predicted that with Chang, Cardano would have the “most advanced blockchain management system” and annual budgets, as well as valuable community treasury and insights. he added:
“It’s been almost 10 years for some of us on this incredible journey. I can’t believe that in a decade we have built a nation. I am proud of you all. Cardano gives me hope for our industry and the world. Let’s spend the next decade making a big impact on the universe.
Cardano’s long-awaited hard fork is expected to come amid a decline in the ADA cryptocurrency, which has seen a notable decline in 2024. Since January 1, the cryptocurrency has fallen more than 26%, from approximately $0.60 to $0.44 during the year. time of writing. According to data from CoinGecko.
In early April, ADA dropped out of the top 10 coins by market capitalization, giving way to the Telegram-linked cryptocurrency Toncoin (TON).
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