2 months ago
Cardano network’s highly anticipated Node 9.0.0 has launched to overmuch acclaim connected July 8.
According to its GitHub document:
“Node 9.0.0 is simply a large merchandise of the Cardano node that contains each the changes that are needed for the Conway ledger era, including on-chain governance via CIP-1694, enactment for Plutus v1 notation scripts, and Plutus publication signature enactment via CIP-69.”
Why Node 9.0.0 is important for Cardano
In a July 8 video connected societal media level X, Cardano laminitis Charles Hoskinson emphasized Node 9.0.0’s importance. He explained that it lays the groundwork for the Chang hard fork, importantly altering the blockchain network’s structure.
Hoskinson said:
“Node 9.0.0 fundamentally means Cardano has the best, the astir decentralized and I anticipation the astir effectual decentralized authorities successful the full cryptocurrency industry.”
However, Hoskinson noted that Stake Pool Operators (SPOs) request to independently trial the caller node and upgrade earlier the web tin execute the Chang hard fork. So, with astatine slightest 70% oregon much SPOs upgraded, a hard fork day volition beryllium acceptable for the web to modulation into Chang.
Data from Cardanoscan shows that exchanges and involvement pools are not yet acceptable for the hard fork arsenic of property time.
Chang hard fork
The Chang hard fork marks the culmination of a multiyear effort to transportation task ownership from Cardano Foundation, EMURGO, and Input-Output Global to the community. This determination volition alteration the blockchain into a self-sustaining entity with features similar on-chain voting and subordinate rights.
In this era, Chang volition present Delegate Representatives (DReps), elected by Cardano token holders. These representatives volition draught a Cardano Constitution, becoming the network’s ultimate governing law. Once approved, DReps volition suggest changes successful accordance with the constitution.
Hoskinson reflected connected the value of this move, saying it would assistance Cardano go the astir scalable ecosystem wrong the adjacent 24 months due to the fact that “governance is the cardinal differentiating feature.”
The station Cardano’s Node 9.0.0 paves mode for transformative Chang hard fork appeared archetypal connected CryptoSlate.
English (US) 