Cardano reaches the most important milestone in its history this month: Hoskinson

The open source blockchain platform Cardano is about to reach its most significant milestone since its inception: becoming a fully decentralized network with an advanced governance system.

According to an X post by network founder Charles Hoskinson, Cardano Node will reach version 9.0 this month and the blockchain will enter its next development era, Voltaire.

Cardano’s most significant milestone

Hoskinson explained that Cardano is ready for Chang’s fork and is waiting for 70% of its SPOs to install the new node. Afterwards, the network will suffer a hard bifurcation, welcoming the age of Voltaire.

The Chang fork, named after Phil Chang, one of Cardano’s early governance leaders who died in 2022, will apply CIP-1694’s on-chain governance technical capabilities to the mainnet.

After the launch of the Chang fork and Cardano’s transition to the Voltaire era, the blockchain will have a governance system with annual budgets, a treasury, and contributions from community members. Hoskinson said the development would make Cardano a decentralized civilization with millions of residents worldwide.

“It has been almost ten years for some of us on this extraordinary journey. I can’t believe that in a decade we have built a nation. 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 impact on the universe,” he added.

Development stages of Cardano

The Voltaire era is the last era in Cardano’s development stages. These eras are named after prominent figures in computing and poetry: Lord Byron, Percy Bysshe Shelley, Joseph Goguen, Matsuo Bashō and Voltaire.

The Byron era saw the launch of Cardano as a proof-of-stake protocol after network participants used a research and peer-review model of formal development. In the Shelley era, developers focused on achieving more decentralization, security, and robustness. Goguen saw smart contracts at work in Cardano, while Bashō, the current era of the network, has been about scaling and optimization.

Voltaire will introduce community-managed governance, voting and treasury management. Community members holding the network’s native token, ADA, will be able to initiate and vote on proposals aimed at blockchain development.

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