News

Cardano Releases Node 9.0, Paving the Way for the Upcoming Chang Hard Fork

Charles HOSKINSON, the creator of Cardano, announced the release of Cardano Node 9.0.0 during a livestream from Colorado on Monday. This update lays the foundation for the Conway Ledger era. Node 9.0.0 brings key changes needed for this new era, including on-chain governance over SIP 1694, support for Plutus V1 reference scripts, and support for signing Plutus scripts over SIP 69. It also includes Plutus version 3.0, preparing Cardano for the Chang hard fork , allowing it to enter the SIP 1694 bootstrap phase required for decentralized governance.

Hoskinson explained that staking pool operators (SPOs) will independently test the new node and decide when to upgrade it. Once 70% or more of the SPOs are updated, the hard fork date will be set, which will move Cardano into the Chang era. This phase will feature the newly formed Interim Constitutional Committee (ICC) and the newly elected DS (Decentralized Sovereign) members, who will eventually gain full voting rights after a 90-day transition period following the hard fork.

To strengthen the decentralized governance of Cardano, the community will be involved in decision making, including discussions on roadmaps and annual budgets. ICC members will also meet in Colorado to discuss how to fit into the broader governance structure. In the third phase, the Cardano Constitution will be finalized at a convention in Argentina later this year, which will be attended by delegates from around the world. The ICC will be re-elected under the new constitution, while IOHK, Cardano’s engineering team, will focus solely on development.

Image: TronWeekly

SOURCE

Leave a Comment

egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr egr