Bitrabo Editorial
Cardano, a platform for smart contracts and a competitor to Ethereum, is transitioning towards Voltaire after successfully completing Basho. The recent focus of developers has been on enhancing scaling and performance.
A critical aspect of this shift involves the full activation of the Chang hard fork. As per Cardanoscan, by August 19, only 33% of all stake pool operators (SPOs) and 14% of supportive exchanges were ready for this transition.
Upon completion of the update by all SPOs and transitioning to Voltaire, Cardano is poised to benefit, especially by adopting a decentralized governance model.
Cardano’s Potential in ZK-Scaling Race Post Chang
Philip DiSarro, the founder of Anastasia Labs, suggested that Cardano could take the lead in the zero-knowledge (ZK) scaling competition following the Chang hard fork. He believes that this hard fork will give Cardano a significant edge, positioning it at the forefront of the current “scaling battle.”
The advancements brought by the Chang hard fork, such as the integration of Plutus v2, will enable more efficient creation and deployment of smart contracts by developers. This update will also support off-chain computation, a crucial element for ZK-rollups.
Thus, the observer is confident that Cardano, post-Chang, will offer unique features that cannot be replicated, providing a substantial advantage in the realm of ZK scaling.
Ethereum’s Dominance in Layer-2s and the Importance of Transaction Determinism
Ethereum primarily scales through optimistic rollups, where transactions are bundled and verified off-chain. However, this model relies on centralized systems, affecting the decentralization and efficiency of on-chain transaction approvals.
With the implementation of ZK scaling post Chang, Cardano can enhance transaction processing significantly. By supporting determinism, Cardano ensures that transaction inputs consistently produce the same outputs, aligning well with ZK scaling requirements.
ADA continues to face downward pressure during the transition phase, struggling to recover from its 60% decline since the highs of March 2024 and retesting critical support at $0.30.