- Charles Hoskinson, founder of Cardano, announces the integration of Cardano Improvement Proposal (CIP) 69 into the upcoming Chang hard fork.
- The proposal aims to streamline interactions within Cardano’s Plutus smart contracts and addresses a critical design limitation known as the “mutual dependency issue.”
- The Chang hard fork, anticipated to occur in Q2 this year, marks a significant milestone in the Cardano roadmap, transitioning into the “Voltaire” era of governance.
Cardano founder, Charles Hoskinson, announces the integration of CIP-69 into the upcoming Chang hard fork, addressing a critical design limitation and marking a significant milestone in the Cardano roadmap.
Integration of CIP-69 into Chang Hard Fork
Charles Hoskinson, founder of the Cardano blockchain, has confirmed the integration of Cardano Improvement Proposal (CIP) 69 into the upcoming Chang hard fork. This announcement was made via X, emphasizing the adaptation to community feedback and aligning with the demands of the Cardano Foundation (CF).
Implications of CIP-69 Integration
CIP-69, primarily authored by developers within the Cardano ecosystem, aims to streamline interactions within Cardano’s Plutus smart contracts by standardizing the input arguments across various types of scripts: spending, certifying, rewarding, and minting. The proposal addresses a critical design limitation known as the “mutual dependency issue,” where two validators must know each other’s hash. This has been a substantial barrier to the development of safe and effective decentralized applications (DApps) on Cardano, as it constrains the design space and adds complexity to dApp architectures.
Cardano’s Chang Hard Fork
The Chang hard fork, anticipated to occur in Q2 this year, marks a significant milestone in the Cardano roadmap, transitioning into the “Voltaire” era of governance. This era is characterized by a move towards decentralized governance structures, allowing the community to have a greater say in the development and funding of projects within the ecosystem.
Chang Hard Fork Upgrades
Chang is split into two primary upgrades. Chang Upgrade Number 1: Initiates the deployment of governance features, beginning with the technical bootstrapping phase as outlined in SIP 1694. This phase is crucial for setting up the foundational governance mechanisms. Chang Upgrade Number 2 advances these mechanisms out of the bootstrapping phase and introduces full-fledged on-chain governance capabilities, such as delegated representative participation and treasury withdrawals. This enables the Cardano community not only to vote on proposals but also to fund them, enhancing the ecosystem’s sustainability and responsiveness to user needs.
Conclusion
The integration of CIP-69 into the Chang hard fork marks a significant milestone in the Cardano roadmap, addressing a critical design limitation and enhancing the ecosystem’s sustainability and responsiveness to user needs. At press time, ADA traded at $0.452.
