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- Cardano (ADA) is making significant strides towards its much-anticipated Chang upgrade with the recent deployment of Cardano Node 9.0.0.
- This advancement marks a pivotal moment, as it paves the way for one of Cardano’s most comprehensive upgrades.
- Romain Pellerin, CTO at Input Output Global (IOG), commented on this landmark release, emphasizing its importance as a milestone for decentralized governance on the Cardano network.
The Cardano blockchain’s momentum continues with the Chang upgrade, which is poised to revolutionize on-chain governance and community participation.
Cardano Progresses with Chang Upgrade Milestone
Cardano’s latest upgrade, marked by the release of Cardano Node 9.0.0, is a monumental step towards the implementation of the Chang upgrade. This release is notable for its inclusion of on-chain governance features via CIP-1694, which empowers the Cardano community to vote and influence the network’s future directly.
Anticipation and Historical Performance
The excitement surrounding the Chang upgrade is heightened by Cardano’s historical performance with previous upgrades. Before a major upgrade in 2021, ADA experienced a 130% increase in value within a month. This historical precedence adds to the anticipation that ADA might see a similar rally as it approaches the Chang upgrade.
Technical Details of Cardano Node 9.0.0
According to the latest GitHub documentation, Cardano Node 9.0.0 is a substantial update designed to support the Conway ledger era. It includes essential enhancements for on-chain governance, Plutus v1 reference scripts, and Plutus script signature support through CIP-69. Importantly, this node is the first capable of bridging the 9.0 hard fork boundary on both mainnet and long-running testnets such as Preprod.
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Further Developments and Community Impact
Although Node 9.0.0 is released without a valid Conway-era Genesis file, which is necessary for crossing the Chang hard fork, this will be provided subsequently. The community is advised to prepare for a minor configuration update to facilitate this transition. Charles Hoskinson, Cardano’s founder, has lauded this release as a critical step forward, reinforcing the network’s commitment to decentralized decision-making and transparent governance.
Conclusion
The roll-out of Cardano Node 9.0.0 signifies a crucial step towards the highly-anticipated Chang upgrade, promising enhanced governance and community engagement on the Cardano blockchain. With historical trends suggesting potential positive price movements for ADA, stakeholders are closely monitoring the developments, anticipating a transformative impact on the Cardano ecosystem.
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