Public blockchain Cardano founder Charles Hoskinson announced on the community platform that a hard fork upgrade named Chang is expected to take place in June, with this upgrade marking Cardano’s entry into the final stage of its roadmap, “Voltaire.”
“What is a hard fork?
Five stages of the Cardano roadmap
ADA down 1.9% in the past 24 hours
Veteran public blockchain Cardano founder Charles Hoskinson announced last Sunday on the community platform X that the Cardano Node may reach version 9.0 this month, indicating that Cardano is ready for the Chang hard fork upgrade and is currently waiting for 70% of stake pool operators (SPO) to install new nodes.
It is worth mentioning that after this hard fork, Cardano will enter the final stage of its roadmap, “Voltaire.”
This Cardano hard fork upgrade, also known as the “Chang fork upgrade,” is named in memory of Cardano’s early leader Phil Chang, who passed away in 2022.
A hard fork is a way to update blockchain technology, creating a new chain that is incompatible with the original blockchain. In simple terms, a hard fork is like a major upgrade to the blockchain system, making the new and old systems unable to communicate with each other.
For example, Bitcoin experienced a hard fork in 2017 due to scaling disputes, resulting in the creation of Bitcoin Cash (BCH). Ethereum completed “The Merge” upgrade in September 2022, transitioning Ethereum’s consensus mechanism from Proof of Work (PoW) to Proof of Stake (PoS) through a hard fork merging the beacon chain and mainnet.
According to official sources, the Cardano roadmap consists of five major development stages, also known as “epochs,” named after famous figures in arts and sciences. These stages are “Byron,” “Shelley,” “Goguen,” “Basho,” and “Voltaire.”
The first three stages achieved the basics of blockchain, decentralization, and smart contracts, while the Basho era focused on expanding the blockchain. The final Voltaire era is dedicated to adding governance, voting, and financial management functions to Cardano.
Hoskinson also stated that this hard fork will be the most important milestone in Cardano’s history.
Due to recent downward trends in the cryptocurrency market, the positive news of the Chang hard fork upgrade does not seem to be reflected in the price of Cardano’s native token ADA, which was reported at $0.433 before the deadline, down 1.9% in the past 24 hours and 5.8% in the past week. Whether the price of ADA will increase as the upgrade news spreads is something to keep an eye on.
Price of ADA. Source: coingecko
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