Cardano Founder Charles Hoskinson Announces Upcoming Chang Hard Fork
CoinChapter.com – Charles Hoskinson, the founder of Cardano, recently provided updates on the blockchain platform during a live Ask Me Anything (AMA) session from his ranch in Wyoming. He shared details about the progress made and the upcoming release of the Chang hard fork.
Reflecting on the Platform’s Journey and Governance Progress
Hoskinson began by reflecting on Cardano’s journey thus far, acknowledging the challenges faced, particularly in terms of governance. Despite these obstacles, Cardano has made significant progress. Notably, the completion of all elements of CIP 1694, a process that took approximately two years, stands out as a remarkable achievement. This accomplishment is vital for advancing Cardano’s infrastructure. Hoskinson also commended the resilience of the Cardano community.
Cardano’s Node 9.0 Ready for Chang Hard Fork
Hoskinson highlighted the imminent release of node 9.0, a crucial component for the Chang hard fork. This new node, an upgrade from version 8.2.2, has undergone refinements to ensure compatibility and stability. The release of node 9.0 is expected next week. Hoskinson emphasized that the Chang hard fork will usher in the Voltaire phase, with a strong focus on governance. Once the network node density reaches approximately 70%, the hard fork will be triggered. This milestone will introduce new governance capabilities and enhance community involvement in decision-making processes.
Future Plans for Cardano Under the Basho Era
Hoskinson also discussed the future beyond the Chang hard fork, particularly under the Basho era. This era will prioritize scalability and network optimization. Hoskinson stressed the importance of extensive community input to address various trade-offs between on-chain and off-chain data handling. Moving forward, Cardano faces complexities such as on-chain sharding and modifications to transaction processing. Significant milestones on the roadmap, including Plutus V3, Hydra, Leios, and Mithil, are strong contenders for the next governance vote. This vote will ratify the final state of the Basho era and determine resource allocation, underscoring the shift towards a community-driven development model.
Reflecting on Cardano’s Decade-Long Evolution
Hoskinson expressed his thoughts on the decade-long evolution of Cardano, highlighting the growth of the community and their increasing control over the platform’s roadmap. He views these developments as evidence of Cardano’s maturation into a leading blockchain platform.
Technical Difficulties and Future Conversations
The AMA session experienced some technical difficulties due to poor internet connectivity. Hoskinson assured participants that he would continue the conversation from his office on Monday.
As of now, ADA is trading at $0.366.