The following upgrade is one of the most important updates for the ADA ecosystem, which is fueling hopes and motivating the Cardano community to prepare for ADA’s massive parabolic run.
Cardano expands the network
Cardano is preparing for the widely anticipated Voltaire era. This era will usher in new-age functionalities for Cardano, including the highly anticipated Chang Hard Fork upgrade. With the fork rolling out around June, as its director, Hoskinson, confirmed via X, the fork implementation was essential to bring governance-inspired elements into the ecosystem. ADA state.
Hoskinson shared details in his latest tweet about how June will be an important month for ADA, as the chain will reach node 9.0.
“It looks like June will be the month Cardano Node hits 9.0. This means that Cardano is ready for the Chang fork and is waiting for 70% of SPO to install the new node. Then, a hard fork could occur, pushing Cardano into the Voltaire Age. It was the most important milestone in Cardano’s history and for the industry as a whole. Cardano will be a decentralized civilization spread across the world with millions of inhabitants. We will have the most advanced blockchain governance, annual budget, Treasury and the wisdom of the entire community to guide us.”
According to Santiment, Cardano continues to dominate the trending cryptocurrency rankings as its ecosystem is busy bringing elements such as smart contracts, NFTs, and the growing ADA decentralization into play.
The fork implementation, along with new elements introduced into the ADA ecosystem, is raising hopes for a bright future for Cardano. Hopes are currently intersecting with the token’s price trajectory, expecting ADA to enter bullish territory soon.
The road to 1 USD
The implementation of the Chang Hard Fork will open up a series of functions for the ADA ecosystem to adapt. First, the Cardano community will be able to access exclusive governance features. This development requires access to voting and the Treasury, which will promote collective decision-making and efforts to strengthen the network.
“Chang Upgrade Number One will deploy governance features on Cardano, initiating the technical launch phase outlined in SIP 1694. This phase sets the stage for decentralized voting, governance actions , etc. The Chang Number Two upgrade takes SIP 1694 out of the technical launch phase, unlocking the final features of on-chain governance, including authorized representative participation and Treasury withdrawals. ” The Cardano forum later shared.
Such positive development changes have the potential to take Cardano to new heights, helping the token eventually reach its coveted $1 mark.
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