Cardano Founder Charles Hoskinson has projected a major hard fork is on track to go live on the protocol this month, upside for ADA is huge
The Cardano Hard Fork Launch
Taking to his official X account, Charles Hoskinson said it looks like June will be the month that Cardano Node will reach 9.0. With multiple years committed by the protocol’s developer teams to build the Chang Hard Fork, the Cardano founder noted that this and more upgrade is now ready.
What is needed now rests on getting 70% of the protocol’s Stake Pool Operators (SPOs) to install the new node. Once this is done, Charles Hoskinson said “a hard fork can occur pushing Cardano into the Age of Voltaire.”
It looks like June will be the month that Cardano Node will reach 9.0. This means that Cardano is Chang fork ready and waiting for 70 percent of the SPOs to install the new node. Then, a hard fork can occur pushing Cardano into the Age of Voltaire.
— Charles Hoskinson (@IOHK_Charles) June 9, 2024
It's the most significant…
The Cardano ecosystem has faced intense criticism from many industry experts, especially with claims of centralization. Despite these criticisms, the protocol has maintained its composure, with a focus on advancing its governance structure. According to Charles Hoskinson, this incoming Cardano hard fork will herald the enhanced decentralized governance described as the most sophisticated in the industry.
“It’s the most significant milestone in the history of Cardano and for the industry as a whole. Cardano will be a decentralized civilization spanning the entire world with millions of residents. We’ll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us,” Charles Hoskinson said in his post.
The developer of the Cardano Chang hard fork has taken close to 10 years. Should the protocol make history as it planned to, Hoskinson has set the tone for the next decade – to make a dent in the universe.
Community Clamors For What Matters – ADA Price
The community is just getting to process this Chang hard fork update from the Cardano founder. However, the impact on ADA prices remains a common concern for many.
Despite ranking in the top 10 of the most capitalized digital currencies in the industry, many consider the price undervalued. At the time of writing, Cardano is changing hands for $0.4398, up by 0.68% in 24 hours. In the Year-to-Date (YTD) period, the coin has slumped by 27%, serving as a major concern.
With the Cardano hard fork in view, a new outlook might engulf ADA. This outlook remains imminent with increased demand from investors potentially interested in the governance system. This upside can help trigger a decoupling from Bitcoin (BTC), helping to drive its price to a new high.