Charles Hoskinson, co-founder of Cardano (ADA), is mapping out the schedule for the Voltaire phase of the blockchain’s layer-1 network, which marks the fifth phase of the roadmap for the 11th largest cryptocurrency.
Hoskinson has announced the development of a new Cardano node that will bring about two Chang upgrades. The first Chang upgrade will introduce governance features to Cardano, allowing for decentralized voting and other governance processes. The second Chang upgrade is set to unveil additional on-chain governance features such as treasury withdrawals and participation from delegated representatives.
According to Hoskinson, “It appears that June will see the release of Cardano Node version 9.0. This milestone indicates that Cardano is ready for the Chang fork, pending the installation of the new node by 70% of Stake Pool Operators. Subsequently, a hard fork will take place, propelling Cardano into the Age of Voltaire. This marks a significant achievement for Cardano and the entire industry. Cardano will transform into a decentralized global community with millions of users, boasting the most advanced blockchain governance system, annual budgets, a treasury, and the collective wisdom of our community to lead us forward.”
The Voltaire phase represents the culmination of Cardano’s roadmap, aiming to establish the blockchain as a self-sustaining network. Hoskinson further explains, “Once both the voting and treasury systems are in operation, Cardano will achieve true decentralization, no longer reliant on IOHK’s management. The future of Cardano will be in the hands of the community, equipped with all the tools necessary to nurture and enhance Cardano from the secure decentralized foundation laid by IOHK.”
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