- Charles Hoskinson, the founder of Cardano, held a live AMA session from Wyoming, offering significant updates on Cardano’s progress and the anticipated Chang hard fork.
- He detailed the challenging yet rewarding advancements, specifically the completion of CIP 1694, which is crucial for Cardano’s future development.
- Hoskinson also shared that node 9.0, essential for the Chang hard fork, is nearly ready and should be released by next week, marking a pivotal moment for Cardano.
Discover the latest updates on Cardano’s journey as Charles Hoskinson shares progress on the upcoming Chang hard fork and the future of blockchain governance.
Chang Hard Fork on the Horizon
During the AMA, Hoskinson discussed the recent developments in Cardano, focusing on the nearing completion of node 9.0, which is integral for the Chang hard fork. He highlighted that while the journey has been long and fraught with challenges, the community’s efforts, particularly in governance, have paved the way for this significant upgrade. The new node, tagged for release and expected next week, signifies a milestone in Cardano’s process, setting the stage for the transition to the Voltaire era.
Implications of the Voltaire Era
The upcoming hard fork will usher in the Voltaire era, emphasizing a shift toward governance and community participation. Hoskinson expressed his excitement about this phase, which has been in development for two years. Reaching a node density of approximately 70% is required to trigger the hard fork, which will introduce innovative governance features and integrate the community deeper into the decision-making process of the blockchain network.
Future Prospects and Ongoing Development
Addressing the future post-Chang hard fork, Hoskinson elaborated on the complexities of the forthcoming Basho era, focusing on scalability and optimization. He underscored the necessity of community input to navigate various trade-offs, including the handling of on-chain vs. off-chain data and the implementation of technologies like on-chain sharding. Moreover, Hoskinson mentioned critical milestones such as Plutus V3, Hydra, and Leios that are on the horizon, anticipating these as focal points for the next governance vote.
Strategic Directions and Community Involvement
Hoskinson’s updates also drew attention to strategic decisions that the community must address, including transaction processing adjustments and tiered pricing. These decisions are fundamental as Cardano transitions to a community-driven development model. The upcoming governance vote will be pivotal in deciding the final state of Basho, setting a clearer path for Cardano’s progression.
Conclusion
Cardano’s journey has been marked by a transformation from a static, federated system to a decentralized and dynamic blockchain platform. Hoskinson celebrated the collective effort and the steady maturation of Cardano, emphasizing the community’s growing influence over the platform’s roadmap. Despite certain technical issues during the AMA, he promised further discourse to ensure all questions are addressed, reflecting his commitment to transparent communication and community engagement.
