Charles Hoskinson, founder of Cardano (ADA), announced plans for a major update aimed at transforming the Cardano ecosystem. Scheduled for release in June 2024, version 9.0 of Cardano Node will support the Chang Hard Fork , marking the beginning of the Voltaire Era for Cardano. The community is very curious as Cardano approaches this transformation phase with upcoming upgrades.
68% of Cardano investors are losing money
Hoskinson has expressed optimism about Cardano's future, emphasizing its potential to become a decentralized global civilization. The Voltaire era promises to revolutionize Cardano 's governance through phased improvements. Initially, it will introduce decentralized voting as detailed in Cardano Improvement Proposal (CIP) 1694. This feature is very important, allowing the community to have certain influences on the ecosystem by Propose and directly sponsor new projects.
This is the most important milestone in Cardano history and for the entire industry. Cardano will be a decentralized civilization spanning the globe with millions of inhabitants. We will have the most advanced blockchain governance system, annual budget, reserve funds, and the wisdom of the entire community to guide us.
Hoskinson said .
Read more: Charles Hoskinson: Genius or eccentric?
Furthermore, the second phase will expand these capabilities, allowing delegated participation and withdrawals from the fund. As a result, Cardano investors will have greater control over the community fund and decision-making process, further increasing their Vai with the development of the platform.
In anticipation of these changes, Cardano recently released node version 8.9.2. This update resolved a major peer-to-peer Chia issue, thereby enhancing the platform's peer-to-peer capabilities. Such improvements are critical to maintaining network performance and scalability.
Hoskinson is also excited about the upcoming Ouroboros Leios upgrade, which aims to increase transaction efficiency and scalability. These advancements are necessary to maintain Cardano 's competitive edge in the volatile blockchain sector, ensuring the network can handle increased volume while remaining decentralized.
Also Read: Charles Hoskinson proposes merging Cardano with Bitcoin Cash
Despite these important updates, ADA price has only fluctuated slightly, up 1% over the past 24 hours, currently trading at $0.4407. This stability is notable even though the overall cryptocurrency market is on an uptrend in 2024. Cardano has seen its value drop nearly 30% YTD. Data from IntoTheBlock shows that only 32.39% of Cardano investors are currently profitable at this price.
Cardano Global In/Out of the Money. Source: IntoTheBlockHowever, the Medium ADA investor keeps his investment for about a year, showing strong belief in the long-term potential in Cardano. This long holding period shows that many are waiting for a price recovery to either break Capital or make a profit.
The community has also warmly received the news about Chang Fork. Cardano investor Av Sebastian Chia his excitement about the platform's prospects.
Everyone needs to know that after the Chang Hard Fork , Cardano will be the most decentralized asset in the world. All ADA investors will have the right to decide how to spend the 1.5 billion ADA fund and the future of Cardano.
Sebastian commented .
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