Today, we’re embarking on an exciting journey into the future of Cardano. Charles Hoskinson himself has emphasized the need for significant changes to propel Cardano into the league of blockchains serving billions. And guess what? The big changes are finally here!
Cardano is gearing up for a monumental upgrade, one that will revolutionize its capabilities, efficiency, and utility. It’s not just an improvement; it’s a quantum leap towards unprecedented heights in blockchain innovation.
Let’s delve into the specifics of this upgrade, why it’s a game-changer, and how it positions Cardano at the forefront of the blockchain revolution.
First up, we’re in Phase Five of Cardano’s roadmap, the age of “Voler,” focusing on governance. This era will witness the introduction of a voting and Treasury system, paving the way for Cardano to become a self-sustaining ecosystem.
The Chang hard fork, slated for Q2 of this year, marks the beginning of a new era of governance for Cardano. It’s a culmination of years of hard work, community participation, and testing. This fork will usher in two upgrades: Chang Upgrade Number One and Chang Upgrade Number Two.
Chang Upgrade Number One will deploy governance features on Cardano, initiating the technical bootstrapping phase outlined in SIP 1694. This phase sets the stage for decentralized voting, governance actions, and more.
Chang Upgrade Number Two takes SIP 1694 out of the technical bootstrapping phase, unlocking the final features of on-chain governance, including delegated representative participation and treasury withdrawals. This is monumental, as it empowers the community to propose and fund new projects, ensuring the sustainability and evolution of the Cardano ecosystem.
In conclusion, the Voltaire era signifies a new dawn for Cardano, where governance is decentralized, inclusive, and transparent.
Thank you for being a part of this historic moment. Together, let’s shape the future of blockchain technology with Cardano.
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