Bitrabo Editorial
In a recent Ask Me Anything (AMA) session live from Wyoming, Charles Hoskinson, the Cardano founder, shared an update on the development of Cardano and the upcoming Chang hard fork. Hoskinson discussed the significant milestones achieved and ongoing efforts within the platform’s journey.
Cardano Getting Closer to Chang Hard Fork
Reflecting on the challenges and successes of the past years, Hoskinson acknowledged the progress made in governance despite obstacles faced. He emphasized the completion of CIP 1694 elements as a crucial milestone that took about two years to finalize and is vital for advancing Cardano’s infrastructure.
The highlight of Hoskinson’s update was the near completion of node 9.0, essential for the Chang hard fork. Node 9.0 signifies a major step forward, succeeding version 8.2.2, and has been refined for stability and compatibility. Hoskinson mentioned that the new node is set for release next week and aims for a smooth transition to it.
The upcoming Chang hard fork is a significant event for Cardano as it leads to the era of Voltaire, emphasizing governance. Hoskinson expressed excitement about this phase, which has been in progress for two years. A network node density of around 70% will trigger the fork, opening up new governance features and involving the community in decision-making processes.
Looking beyond the Chang hard fork, Hoskinson discussed the challenges ahead in the Basho era, focusing on scalability and network optimization. He highlighted the importance of community involvement in determining trade-offs between on-chain and off-chain data handling, on-chain sharding, and transaction processing adjustments.
Upcoming milestones such as Plutus V3, Hydra, Leios, and Mithil were mentioned, indicating potential candidates for the next governance vote to shape the future of Cardano under Basho, symbolizing a move towards a community-driven development approach.
Reflecting on Cardano’s evolution over the past decade, Hoskinson praised the platform’s growth from a static, Federated system to a dynamic, decentralized one with robust staking and smart contract capabilities. He commended the community’s increasing influence on the platform’s roadmap as a testament to Cardano’s development into a prominent blockchain solution.
Despite technical difficulties during the AMA due to connectivity issues, Hoskinson assured participants of a follow-up session to address any remaining queries or discussions on Monday from his office.
Currently, ADA is trading at $0.377.