Among the latest developments, Cardano (ADA) is now heading closer to embracing its Voltaire era via a series of events. This new era for ADA will play an elemental role in scaling Cardano’s network capacity by injecting governance-centric components into the ADA ecosystem.
The following upgrade is one of the most pivotal updates for the ADA ecosystem, which is fueling hopes and hyping the Cardano community to gear up for ADA’s massive parabolic run.
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Cardano Interest Spikes As Network Expands Its Functionalities
Cardano is gearing up for the widely anticipated Voltaire era. This era will usher in new-age functionalities for Cardano, including the highly anticipated Chang Hard Fork Upgrade. With the fork deployment due sometime in June, as its chief, Hoskinson, confirmed via X, the fork deployment is essential for embedding governance-inspired elements within the ADA ecosystem.
Hoskinson shared in his latest tweet details on how June will be a crucial month for ADA, as the chain will reach node 9.0.
“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. 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.”
Per Santiment, Cardano continues to dominate the trending crypto chart as its ecosystem is busy injecting elements like smart contracts, NFTs, and growing ADA decentralization into the play.
The fork deployment, coupled with new elements being introduced into the ADA ecosystem, is fueling hopes for a bright Cardano future. The hopes are now intersecting the price path trajectory of the token, hoping for ADA to enter a bullish zone soon.
Cardano: $1 Price Path
The Chang Hard Fork deployment will usher in a hoard of functionalities for the ADA ecosystem to tinker with. To begin with, the Cardano community will be able to access exclusive governance features. This development entails access to voting and the Treasury, which will fuel collective decision-making and efforts to bolster the network.
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“Chang Upgrade Number One will deploy governance features on Cardano, initiating the technical bootstrapping phase outlined in SIP 1694. This phase sets the stage for decentralized voting, governance actions, and more. Chang Upgrade Number Two takes SIP 1694 out of the technical bootstrapping phase, unlocking the final features of on-chain governance, including delegated representative participation and Treasury withdrawals.” the Cardano forum later shared
Such positive developmental changes are capable of catapulting Cardano to new heights, helping the token finally claim its coveted $1 mark. Per CoinMarketcap, ADA is currently sitting at $0.425, down 1% in the last 24 hours.