Cardano’s Voltaire era is presented with the hard fork chapter of June
Charles Hoskinson, creator of the open-source blockchain platform Cardano, expects a major event in the Cardano ecosystem in June.
On June 9, Hoskinson announced on X that Cardano's upcoming Chang's fork is fast approaching, and that Cardano's node could reach version 9.0 this month.
That means the Cardano blockchain is ready for a hard fork and is now waiting for 70% of the stake pool operators (SPO) to install the new node.
“Then a hard fork could happen, pushing Cardano into the Voltaire era,” Hoskinson said, referring to the final step in Cardano's development cycle.
Voltaire is the final era of Cardano's roadmap.
Cardano's stages of development, also known as “ages”, are named after notable figures in poetry and computer science, including Lord Byron, Percy Bysshe Shelley, Joseph Gauguin, Matsu Basho and Voltaire.
The first three stages implemented the basic blockchain, decentralization and smart contracts. Bashow's era focuses on expanding the blockchain. Voltaire, the last generation, adds governance, voting and treasury management functions to the Cardano blockchain.
Chang will be the first hard fork of the Voltaire era of Cardano's roadmap. This era promotes community-driven governance by enabling community communication on the chain and allowing Cardano (ADA) holders to use their tokens.
The update is named in honor of Phil Chang, Cardano's former head of management, who passed away in 2022.
Hoskinson expects Chang to enable “decentralized civilization” for millions.
According to the founder of Cardano, Chang is “the most important chapter in the history of Cardano”, which will help to enable the blockchain ecosystem “a decentralized civilization consisting of millions of inhabitants all over the world”.
Related: Memecoin mania sees Cardano drop out of top 10 crypto rankings
Hoskinson, along with Chang, predicted that Cardano would have “a very advanced blockchain governance system,” with annual budgets, a treasury, and valuable insights from the community. He added:
“For some of us, it has been almost 10 years of this amazing journey. I do not believe that we have built a country in one decade. I am proud of all of you. Cardano gives me hope for our industry and the world. Let's spend the next decade making a big dent in the universe.
Cardano's much-anticipated hard fork is about to come at a time when the ADA cryptocurrency will drop, with a significant drop in 2024. Since January 1, the cryptocurrency has fallen by more than 26%, ranging from $0.60 to $0.44. Writing based on CoinGecko data.
In early April, ADA fell out of the top 10 coins by market capitalization, giving way to Telegram-linked cryptocurrency Toncoin (TON).
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