Ethereum

Cardano

when

The Cardano network is ready for the Chang hard fork with the latest release of node validator software. The hard fork is part of the transition to the Voltaire era of decentralized network governance.
The latest version of the validator node, Node 9.1.0, is an upgrade of <a href="https://cointelegraph.com/news/cardano-releases-node-9-0-upcoming-chang-hard-fork">Node 9.0 released on July 8</a>. Besides fixing some bugs, the new node requires the use of the Conway Genesis file on the mainnet, which will enable the crossover to the Chang hard fork. The <a href="https://cointelegraph.com/news/cardano-developers-thwart-ddos-attack-upgrade-security">hard fork</a> can be implemented when 70% of validators have upgraded to the new node.
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2024-07/4a5ba612-ca50-48f1-83e3-207f15a7abc4.png" alt="Cardano ready for Chang hard fork after latest validator node release" title="">
 <figcaption style="text-align: center;">
 Cardano Node 9.1.0 documentation. Source: GitHub&nbsp;
 </figcaption>
</figure>
<h2 id="chang-hard-fork-promises-big-changes">Chang hard fork promises big changes</h2>
Validators are upgrading fast, with 11% <a href="https://pooltool.io/networkhealth" target="_blank" rel="noopener nofollow">upgraded</a> at the time of writing, but an observer <a href="https://x.com/astroboysoup/status/1816441939920933178" target="_blank" rel="noopener nofollow">noted</a> that scripts and tooling remain to be upgraded. The Intersect Cardano user group <a href="https://www.intersectmbo.org/news/node-9.0-enabling-a-new-era-of-decentralized-governance-on-cardano" target="_blank" rel="noopener nofollow">commented</a> that the upgrade will bring about a “significant transformation” of the Cardano ecosystem: 
<blockquote data-ct-non-breakable="true">
 “This release signifies the completion of primary development work for the bootstrap phase of on-chain governance. […] This milestone marks the installation of the core elements of decentralized governance, rolled out across two distinct phases.”
</blockquote>
The second phase of the Chang upgrade will be initiated later this year, Intersect added. The first phase will see “bootstrap governance” as the ecosystem becomes accustomed to the new features, as foreseen in Cardano Improvement Proposal 1694, <a href="https://cips.cardano.org/cip/CIP-1694" target="_blank" rel="noopener nofollow">published</a> in November 2022. 
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2024-07/7e46d932-8236-4f1c-adc2-40f5f8de8c3c.png" alt="Cardano ready for Chang hard fork after latest validator node release" title="">
 <figcaption style="text-align: center;">
 Source:&nbsp;<a href="https://x.com/IntersectMBO/status/1816491283676033133" target="_blank" rel="noopener nofollow">Intersect</a>
 </figcaption>
</figure>
Related: <a href="https://cointelegraph.com/news/cardano-mica-compliance-sustainability-indicators">Cardano updates MiCA compliance indicators 6 months ahead of the curve</a>
<h3 id="cardano-decentralization-going-as-planned">Cardano decentralization going as planned</h3>
According to Cardano documentation, the Chang hard fork will <a href="https://docs.cardano.org/about-cardano/evolution/upgrades/chang/" target="_blank" rel="noopener nofollow">create</a> onchain governance mechanisms for a constitutional committee and delegate representatives that will vote on behalf of individual Cardano’s Ada coin (<a href="https://cointelegraph.com/ada-price-index">ADA</a>) holders and give a new governance role to stake pool operators. Proposals and votes will take place on-chain.
The last upgrade to Cardano <a href="https://cointelegraph.com/news/fork-yeah-cardano-vasil-upgrade-goes-live">was the Vasil hard fork</a> in September 2022, which allowed for faster block creation and improved smart contract performance. The Alonzo hard fork in September 2021 <a href="https://cointelegraph.com/news/cardano-s-alonzo-hard-fork-was-a-success-but-real-utility-could-be-a-while">brought smart contracts</a> to the ecosystem.
The launch of the Chang software was delayed by a month, possibly because of <a href="https://cointelegraph.com/news/cardano-developers-thwart-ddos-attack-upgrade-security">upgrades to the Node 8 series</a> necessitated by a distributed denial-of-service (DDoS) attack on June 25.
<figure>
 <img src="https://s3.cointelegraph.com/uploads/2024-07/cff70de0-7fa1-4c71-a00b-3dcfec08101a.png" alt="Cardano ready for Chang hard fork after latest validator node release">
 <figcaption style="text-align: center;">
 The five eras of Cardano. Source: Cardano
 </figcaption>
</figure>
Voltaire is the final era planned for the network and is marked by the transition of governance from the Input-Output Hong Kong company to the community. Cardano has a market cap of about $14 billion. 
Magazine: ‘<a href="https://cointelegraph.com/magazine/account-abstraction-supercharges-ethereum-wallets-dummies-guide/">Account abstraction’ supercharges Ethereum wallets: Dummies guide</a>

Cardano ready for Chang hard fork after latest validator node release

Table of Contents

Cointelegraph

Egyéb ezen a dátumon (2024. júl. 25.) megosztott cikkek

Here’s Why Bitcoin (BTC) price is falling

Vitalik Buterin Introduces Circle STARKs: Revolutionizing Blockchain Security and Efficiency

Memecoins To Add To Your Portfolio

Super Bullish Bitcoin (BTC) News Coming In Next Few Days: Samson Mow

Revolut Receives UK Banking Licence

These Altcoins Are Like Buying Solana at $0.22

Join our free newsletter for daily crypto updates!