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.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Arizona Set to Become First U.S. State to Mandate Public Funds Invest in Bitcoin

On April 29th, COINOTAG reported that the Arizona Strategic...

S&P 500 Closes 0.1% Higher, Nasdaq Unchanged

S&P 500 Closes 0.1% Higher, Nasdaq Unchanged

Bitcoin Futures Open Interest Reaches $63.24 Billion: CME and Binance Lead the Market

As of April 29th, COINOTAG News reports that the...

Arizona House Set to Vote on Crucial Bitcoin Reserve Bills SB1373 and SB1025 Today

In a pivotal development for cryptocurrency regulation, the Arizona...

Whale Switches to Long Position: Acquires 3,974 ETH with $7 Million USDC Investment

In a recent report from COINOTAG, significant movements within...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img