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Cardano’s Chang Fork to Bring Blockchain into Voltaire’s Age Likely to Arrive This Month, Says Charles Hoskinson
The Cardano network is set to move into the final phase of a multi-year program to become a fully decentralized blockchain ecosystem later this month, co-founder Charles Hoskinson said in a post on X on Monday.
As a first step, the validation node software operated by the system’s stake pool operators, or SPOs, must be updated to the latest version. Then, the blockchain will evolve into a backward-incompatible version, a process known as a hard fork, and in doing so, enters a new era known as Voltaire. Cardano is currently in its Basho era.
The project’s roadmap states that once the transition is complete, the seven-year-old blockchain will no longer be actively managed by development company Cardano IOHK but will instead be entirely managed by community members.
“It looks like June will be the month Cardano Node hits version 9.0,” Hoskinson posted. “This means Cardano is ready for the Chang fork and is waiting for 70% of SPOs to install the new node. Thus, a hard crossroads may occur that will push Cardano into the Voltaire era.”
“We will have the most advanced blockchain governance system, annual budgets, a treasury and the wisdom of our entire community to guide us,” he added.
According to governance forums and blog posts, the first part of Voltaire will see the implementation of CIP 1694, a proposal that will allow native government bond holders (ADA) token to vote on topics and features that benefit Cardano. A second step will enable more innovative features, such as proxy participation and treasury withdrawals, allowing users to propose and finance projects within the Cardano ecosystem.
ADA tokens fell 1.6% in the past 24 hours, data from CoinGecko shows, outpacing losses of 2.2% in major tokens tracked by the CoinDesk 20 Index (CD20)..