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Upcoming Cardano Node Version 9.0 and the Chang Fork Upgrade

Jun 10, 2024

Charles Hoskinson, the creator of Cardano, announced that the upcoming version 9.0 of the Cardano Node is slated for release in June. This development marks a significant step forward for the Cardano blockchain platform. According to Hoskinson, once 70% of Stake Pool Operators (SPOs) have installed the new node, the platform will be ready for the 'Chang fork,' a crucial upgrade that will trigger a hard fork. The Chang fork is expected to propel Cardano into a new era known as the 'Age of Voltaire.' This phase is designed to enhance the governance structure of the blockchain ecosystem.

The anticipation for the Chang fork upgrade in the Cardano community has been palpable. This milestone is viewed as a pivotal moment for the platform, symbolizing a shift towards decentralized, inclusive, and transparent governance practices. Hoskinson emphasized the importance of this upgrade, highlighting it as a landmark achievement in the history of Cardano and a significant event within the blockchain industry.

In his reflections, Hoskinson expressed pride in the accomplishments of the past decade and optimism for the future trajectory of Cardano. He envisions a future where Cardano evolves into a decentralized global community with sophisticated governance mechanisms, including annual budgets and community-managed treasury. He called on the community to continue driving innovation and growth in the forthcoming years.

The development team behind Cardano recognized the transformative potential of the Chang fork upgrade, labeling it as a 'game changer' that could position the platform at the forefront of the blockchain revolution.

The native cryptocurrency of Cardano, ADA, witnessed a modest 24-hour price increase of 1.43%, diverging from its recent downward trend. However, ADA's current trading price of $0.4417 reflects a 1.8% and 5.13% decline over the past week and month, respectively.

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