Charles Hoskinson Reveals Near Completion of Chang Hard Fork

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In an Ask Me Anything (AMA) session streamed live from Wyoming, Charles Hoskinson, founder of Cardano, provided a highly anticipated update on the platform’s progress and the upcoming Chang hard fork. Hoskinson began by acknowledging the challenges faced over recent years. “It’s been a long journey,” he noted, citing specific hurdles in governance that the ecosystem has managed to overcome. He highlighted the completion of CIP 1694, a critical milestone after two years of work, as essential for advancing Cardano’s infrastructure.

The centerpiece of Hoskinson’s update was the nearing completion of node 9.0, pivotal for the Chang hard fork. “Node 9.0, which is essential for the Chang Hard Fork, is almost complete,” he announced. This follows version 8.2.2 and has been refined for stability and compatibility. Hoskinson confirmed the node has been tagged for release, with plans for rollout by next week, pending final checks.

Transition To Voltaire Era

The Chang hard fork marks a significant step towards the Voltaire era, focusing on governance. Hoskinson expressed excitement about this stage, which has been two years in the making. Once network node density reaches about 70%, the hard fork will activate, introducing enhanced governance capabilities and broader community involvement in decision-making. Looking beyond Chang, Hoskinson discussed future challenges under the Basho era, emphasizing the need for community input on scalability and network optimization. 

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He highlighted decisions on on-chain versus off-chain data handling and technical adjustments like on-chain sharding and transaction processing modifications. Furthermore, Hoskinson outlined upcoming milestones such as Plutus V3, Hydra, Leios, and Mithil, all set for future governance votes. However, these decisions will finalize the Basho phase and allocate resources, marking a shift towards community-driven development.

Community Growth and Maturation

Reflecting on Cardano’s journey, Hoskinson noted its evolution from a static, federated system to a dynamic, decentralized platform with leading staking and smart contract capabilities. Moreover, he praised the community’s increasing influence over the roadmap as evidence of Cardano’s maturation in the blockchain space.

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Despite technical challenges during the live session, Hoskinson committed to addressing any unresolved questions in future discussions. He promised a continuation of the conversation from his office, ensuring all concerns are promptly addressed.

As of the latest update, ADA was trading at $0.377. This update underscores Cardano’s ongoing evolution and its pivotal steps towards becoming a leading blockchain platform.

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Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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