Cardano Founder Charles Hoskinson Announces ADA’s Biggest Change Yet
In a recent statement, Cardano founder Charles Hoskinson revealed that significant changes are on the horizon for the ADA ecosystem. Hoskinson expressed his excitement for the upcoming Chang fork, describing it as a momentous event that will mark the beginning of the “Age of Voltaire.”
Hoskinson took to social media on June 9 to share the news, stating that Cardano Node is set to reach version 9.0 in June, signaling the platform’s readiness for the Chang fork. He noted that 70 percent of Stake Pool Operators (SPOs) are prepared for the new node, paving the way for a potential hard fork that will propel Cardano into the Age of Voltaire.
The Chang upgrade is seen as a critical milestone for Cardano, as it will provide the necessary tools and infrastructure for the Age of Voltaire. This era will enable network participants to propose improvements for Cardano, which will be subject to a vote by stakers involved in the staking and delegation process. Additionally, a treasury system will be established to finance future network development, with a portion of transaction fees allocated towards agreed-upon development efforts.
Hoskinson emphasized that once these voting and treasury systems are operational, Cardano will achieve full decentralization, no longer under the control of IOHK. He described this shift as a pivotal moment for Cardano and the industry at large, envisioning a decentralized civilization with advanced blockchain management systems, annual budgets, and community support.
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