Cardano Achieves Major Milestone with Node 9.1.0 Release Ahead of Chang Hard Fork

  • Cardano has reached a significant milestone with the release of a major node update.
  • This milestone comes as the Cardano network gears up for the highly anticipated Chang upgrade.
  • “Node 9.1.0 brings a configuration file update to an earlier released Node 9.0.0,” states a Github release.

Cardano network progresses with major node update, marking a significant step towards the Chang hard fork and enhanced on-chain governance.

Cardano Node 9.1.0: A Major Step Toward Chang Upgrade

The recent release of Cardano Node 9.1.0 represents a crucial advancement towards the much-anticipated Chang hard fork. This node release, now available on the Cardano network, includes key updates and features crucial for governance enhancements. Most notably, Node 9.1.0 requires a Conway genesis file at startup, a feature optional in the previous 9.0.0 version, enabling smoother transition across the upcoming hard fork.

Key Updates and Compatibility with CIP-1694

In addition to the configuration requirements, Node 9.1.0 includes several bug fixes and enhancements aimed at improving functionality and user experience. The upgrades to the CLI and API, specifically the “query treasury” command, ensure compatibility with CIP69 and CIP119. These updates are integral, as they lay the groundwork for the governance features detailed in Chang Upgrade #1, which includes the initial phase of technical bootstrapping as outlined in CIP-1694.

Implications for Stake Pool Operators (SPOs) and Exchanges

The Cardano team has emphasized the importance of this upgrade for Stake Pool Operators (SPOs) and critical node users, including exchanges, explorers, and wallets. The smooth implementation of Node 9.1.0 is essential for the successful deployment of the Chang hard fork. Once a sufficient number of SPOs and exchanges have upgraded to this version, an update proposal will be submitted to initiate the Chang hard fork, marking a significant transition in the network’s governance capabilities.

Looking Ahead: Chang Upgrade #2

Following the initial phase of the Chang upgrade, Chang Upgrade #2 will further expand the governance framework by introducing complete on-chain governance features. This upgrade will see CIP-1694 move beyond the bootstrapping phase, enabling features such as Delegated Representative (DRep) participation and comprehensive governance actions. This staged approach ensures a manageable adoption and onboarding process for all participants involved in governance roles.

Conclusion

The release of Cardano Node 9.1.0 marks a pivotal point in the network’s evolution towards enhanced governance. As the Cardano community prepares for the Chang hard fork, the focus remains on ensuring all critical users are equipped with the latest updates. This meticulous approach not only ensures a seamless transition but also lays a robust foundation for future governance capabilities. The upcoming changes promise to fortify Cardano’s position in the blockchain space, delivering significant value to its stakeholders.

BREAKING NEWS

Coinbase Q3 Earnings Preview: COIN Set to Report as Tech Giants Lead US Earnings Week

COINOTAG News notes that on October 28, the week...

USDC Heist Strikes 402 Bridge as 402bridge.fun Shuts Down, Marking the First Public Theft in the 402 Protocol

According to a late-October post by SlowMist founder Cosmos...

Metaplanet Launches $5 Billion Bitcoin-Collateral Credit Facility to Boost BTC Holdings and Stock Buybacks

COINOTAG News reports that on October 28, Simon Gerovich,...

ANOME Launches On-Chain Game Destiny on BNB Chain, Tying Every Battle to Token Burn in Its Dual-Engine Deflation Era

According to official channels, ANOME will exclusively roll out...

Trump Family’s World Liberty Financial Destroys 175 Million WLFI Tokens Worth $26.72 Million

According to COINOTAG News, on October 28, analyst Emmett...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img