In a significant development, blockchain Cardano Cardano will undergo a significant hard fork, dubbed Plomin, which marks the transition to a new era of decentralized governance. This upgrade, which goes live today, allows holders of ADA, Cardano’s native cryptocurrency, to delegate their voting power to Delegated Representatives (DReps), who will act on their behalf in decisions crucial to the future of the network.
“Tonight, Cardano evolves. The Plomin hard fork goes live, marking the transition to full decentralized governance. $Ada holders gain real voting power — on parameter changes, treasury withdrawals, hard forks, and the future of the blockchain. A milestone in blockchain governance,” the Cardano Foundation noted in a statement. anúncio official, on January 29th.
This change represents a crucial step in the implementation of CIP-1694, which establishes Cardano’s decentralized governance framework. With the Plomin hard fork, decision-making power officially shifts to the hands of the community, who will be able to vote on proposals such as protocol parameter changes, treasury withdrawals, and even new hard fork initiations. Key governance actions include protocol parameter changes, treasury withdrawals, and hard fork initiations.
“The Plomin hard fork requires SPOs (Stake Pool Operators) to upgrade their nodes and approve the upgrade with a 51% majority vote. As of January 22, 78% of the network’s nodes have upgraded to the new version,” he noted. “Once implemented, Cardano’s Voltaire era will be fully realized, giving the community control over the future of the network.”
The importance of this update cannot be understated. It marks the official transition to the Voltaire era, in which governance decisions will be entirely community-driven. This means that the future of Cardano will be in the hands of its users, who will be able to actively shape the development and direction of the blockchain.
What is Plomin Hard Fork?
In your websiteEMURGO, a key Cardano entity and ICC member, explained that the Plomin hard fork was initially scheduled to be the second upgrade of the two-part Chang hard fork. The feature was renamed in memory of Cardano community contributor Matthew Plomin. The Plomin hard fork is the follow-up upgrade to the first part of the Chang hard fork, which was integrated in 2024.
“This hard fork will provide the second part of the governance tools outlined in CIP-1694, a proposal documenting Cardano’s decentralized governance framework. Once complete, the full decentralized governance model will be implemented and recorded on-chain on the Cardano blockchain network. As such, the Plomin upgrade will be the first blockchain hard fork to utilize on-chain governance to increase transparency and accountability for network stakeholders, including Stake Pool Operator (SPO) voting.”
The main feature of the Plomin hard fork is the full implementation of delegated representatives (DReps) with treasury withdrawals enabled and the completion of the transition from the technical bootstrapping phase of CIP-1694, as highlighted by the entity.
The Plomin hard fork is expected to further boost Cardano’s growth and adoption, solidifying its position as one of the leading blockchain platforms on the market. With more democratic and transparent governance, Cardano is poised to embark on a path of innovation and development, always attentive to the needs and desires of its community.