Founder of the established blockchain Cardano, Charles Hoskinson, announced on social platform X last Sunday (6/9) that Cardano Node might reach version 9.0 this month. This implies Cardano is prepared for the Chang hard fork upgrade and is currently awaiting 70% of stake pool operators (SPOs) to install the new nodes.
After this hard fork, Cardano will enter the final stage of its roadmap, Voltaire. The Voltaire phase is the last stage of the Cardano roadmap. Before the update, Cardano focused on expanding the blockchain, while the updated Voltaire phase introduces governance, voting, and treasury management features aimed at making the blockchain a self-sustaining network.
"This is the most significant milestone in Cardano's history, as well as the most important milestone in the entire industry. Cardano will be a decentralized civilization spanning the globe, with millions of inhabitants. We will have the most advanced blockchain governance system, annual budgets, treasuries, and the wisdom of our entire community to guide us," Hoskinson said.
The Chang hard fork will introduce the necessary tools and infrastructure to support this new phase. This will enable the Cardano blockchain to achieve self-sustainability, granting governance rights to network participants (including ADA holders). They can propose improvements to Cardano and vote on them using the existing staking and delegation processes.
In the Voltaire era, the Cardano blockchain will also implement a treasury system funded by a portion of all transaction fees. These funds will be allocated to network development projects selected through voting. Before the upgrade, the community must test all new governance features outlined in Cardano Improvement Proposal (CIP) 1694.
Possibly influenced by the recent downward trend in the cryptocurrency market, the positive news of the Chang hard fork upgrade doesn't seem to have reflected in the price of Cardano's native token ADA. Since Cardano announced the upgrade, the price of ADA has continued to decline, reaching 0.420 at the time of writing, with a 4.7% decrease in the past 24 hours and a 9% decrease over the past week.
In the past significant updates of Cardano, the price of ADA has been positively influenced. Before the release of Cardano node v.8.5.1 on July 20, 2023, the price of ADA remained relatively stable, ranging between $0.45 to $0.48. On the release date, ADA's price saw a significant increase, reaching a peak of $0.50 shortly after the update. This reflects the market's positive response to the new node release, indicating increased confidence and demand for ADA among investors post-update.
Cardano's future includes the Leios upgrade, aimed at enhancing transaction efficiency and scalability. This is part of a broader commitment to maintaining Cardano's competitive edge in the blockchain space. Overall, these upgrades will enable the network to handle increased transaction volumes while maintaining decentralization.
These improvements could potentially have a positive impact on ADA prices by influencing market sentiment. Upgrades that enhance scalability, security, or functionality can bolster investor confidence.
ADA's analyst Martinez predicts a bullish pattern, similar to late 2020. Possible 1,750% rally post-April, aligning with Bitcoin's fourth halving. Current ADA valuation: $0.503, emphasizing vigilance in the crypto market.
EdmundCardano Tops Development Activity: Santiment Metric. With 333 events in 30 days, ADA leads, signaling strong commitment. Despite market dip, Cardano's development highlights long-term potential. Ethereum reenters top 10, emphasizing development commitment for sustained investment.
Xu LinCardano experiences a notable surge in ADA trading volume, surpassing 100% in the last 24 hours, with a total turnover exceeding $900 million. Despite a temporary drop in ADA's price, a swift recovery of 6.6% is observed. Current market dynamics, marked by a trading price of $0.495, indicate renewed investor confidence. Market participants closely watch ADA, emphasizing its influential role in the evolving market trends.
SanyaCardano baru saja menyelesaikan peningkatan penting lainnya, dan semuanya berjalan lancar sejak saat itu.
BitcoinistBerita positif tentang runtuhnya China Evergrande dan niat Fed untuk melanjutkan kebijakan moneter yang ada telah memicu reli yang kuat pada harga bitcoin dan altcoin.
CointelegraphPola lower high harian selama seminggu menunjukkan bulls tidak akan dapat membalik $43.000 sebagai support, yang dapat menyeret turun banyak altcoin yang baru saja bangkit kembali.
CointelegraphData historis menunjukkan bahwa Oktober telah menjadi bulan yang baik untuk bulls Bitcoin, dan penembusan Bitcoin di atas $47.600 pada 1 Oktober bisa menjadi pertanda dari apa yang akan datang untuk Bitcoin dan altcoin.
CointelegraphBitcoin dan beberapa altcoin menghadapi aksi jual di level yang lebih tinggi, menunjukkan bahwa pedagang jangka pendek mungkin mengambil untung setelah reli baru-baru ini.
CointelegraphAltcoin dijual menjelang peluncuran bitcoin ETF minggu ini, kemungkinan tanda bahwa pedagang khawatir tentang peluncuran bersejarah.
CointelegraphBlockchain Charles Hoskinson sekali lagi adalah salah satu jaringan paling aktif berdasarkan volume transaksi, nomor dua setelah Bitcoin, tetapi itu tidak membantu harga ADA.
Cointelegraph