Cardano

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 <p class="paragraph">In a recent live stream, Charles Hoskinson, the founder of Input Output Global (IOG), shed light on the final phase of the Cardano (ADA) roadmap, Voltaire, and the integration of a new sidechain named Midnight.</p>
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 <p class="paragraph">Hoskinson’s revelations on Cardano‘s next moves toward decentralization hint at groundbreaking shifts for this layer-1 blockchain ecosystem.</p>
 <p class="paragraph">Notably, Cardano is advancing towards a fully <a rel="noopener noreferrer nofollow" title="decentralized" href="https://thebittimes.com/tag/decentralized.html">decentralized</a> governance structure as it enters Voltaire. As part of the decentralization process, Charles Hoskinson announced the IOG’s decision to move all repositories to a community-run project called Intersect.</p>
 <p class="paragraph">This move will pave the way for the establishment of “partnerchains,” which are specialized blockchains that operate alongside the main Cardano network. Midnight, a privacy-focused sidechain, is a key component in this expansive network.</p>
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 <p class="paragraph">Essentially, each partnerchain (or service-chain, as called by IOG’s founder) will have its own tokenomics and consensus logic. Similar to what is seen on Avalanche’s (AVAX) subnets.</p>
 <h2 class="wp-block-heading" id="h-cardano-pool-operators-are-bullish-on-the-recent-announcements">Cardano pool operators are bullish on the recent announcements</h2>
 <p class="paragraph">Interestingly, according to comments on X (Twitter) by Conrad, a Cardano pool operator, the community and pool operators will inherit the Cardano network. This inheritance includes the potential to earn fees from all partnerchains by staking ADA.</p>
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    <p lang="en" dir="ltr">Let's summarize:<br><br>1. Cardano is going full <a rel="noopener noreferrer nofollow" title="blown" href="https://thebittimes.com/tag/blown.html">blown</a> <a rel="noopener noreferrer nofollow" title="decentralized" href="https://thebittimes.com/tag/decentralized.html">decentralized</a> with Voltaire.<br><br>2. CH and IOG move all repos to Intersect, and proceed to build a partnerchain, creating the path for others to follow.<br><br>3. We, the community and pool operators, inherit Cardano and earn fees from all… https://t.co/C5Hn2HzGIA</p>— $conrad (@conraddit) November 17, 2023
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 <p class="paragraph">Conrad highlights the bullish nature of this development, notwithstanding the inherent risks of pioneering such expansive tech frontiers. However, he also recognizes the risks in technology innovation — which remains essential for groundbreaking success, in his opinion.</p>
 <p class="paragraph">Many sees this move as a bold step towards solidifying Cardano’s position in the blockchain world. With the introduction of Midnight and the development of partnerchains, Cardano’s ecosystem could become more robust, versatile, and user-centric.</p>
 <p class="paragraph">As for Midnight, the sidechain, explained in detail by <em>Genius Yield’s Cardano Academy</em>, will offer privacy for smart contracts and transactions. This feature sets it apart from Cardano’s public ledger, offering users the ability to conduct confidential operations.</p>
 <p class="paragraph">As the project moves forward, the community’s engagement and contribution become increasingly vital. Enthusiasts are closely watching Cardano’s trajectory toward a <a rel="noopener noreferrer nofollow" title="decentralized" href="https://thebittimes.com/tag/decentralized.html">decentralized</a> future as it promises to redefine blockchain governance and functionality.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
 <p class="paragraph"><em>Featured image via Charles Hoskinson’s YouTube.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/charles-hoskinson-reveals-plans-for-cardano-to-go-full-blown-decentralized-tbt70711.html">https://thebittimes.com/charles-hoskinson-reveals-plans-for-cardano-to-go-full-blown-decentralized-tbt70711.html</a></p>

Charles Hoskinson reveals plans for Cardano to go full-blown decentralized

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