Cardano (ADA) may hand its $681.9 million treasury to ADA community, if this happens
shared important updates regarding the Cardano blockchain. Particularly, the founder of Cardano stated that this month will see the release of a new node, a crucial step toward the next major hard fork, named Chang.Hoskinson envisions widespread participation in the governance of Cardano, facilitated by an advanced blockchain governance system. This development has deep implications for Cardano's evolution into a decentralized global community.
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.era signifies a period of increased community involvement in shaping Cardano's future. With the introduction of delegate representatives, community members will be able to represent their interests in the governance process.
In addition, the upcoming Cardano Constitutional Convention in the capital of Argentina will play a crucial role. Governance representatives from different regions will work together to draft the first constitution, laying the foundation for decentralized governance principles.Ratification of this constitution through a community-wide vote will underscore Cardano's path to decentralized governance and set a precedent for blockchain projects worldwide.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management. He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.
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