BCGAME - Free 5BTC Daily Bonus!The next major blockchain update Cardano (ADA) was recently unveiled. In a significant advancement to its network, Cardano has launched the first mainnet node that is capable of undergoing the Chang 2 inter-era hard fork. The new major upgrade is called Cardano Node 10.11.
In an official statement disclosed Per Intersect, Cardano developers highlighted that the new upgrade is taking the blockchain out of its technical bootstrapping phase and moving it toward full on-chain governance.
“Cardano Node 10.1.1 is here. This is the first Mainnet launch node capable of going through the Chang 2 inter-era hard fork. The Chang 2 upgrade brings full on-chain governance as described in CIP-1694, ending the current bootstrap governance phase that began with the Chang 1 upgrade hard fork on September 1st.”
Cardano’s new update includes improvements to its governance system, with support for Stake Pool Operator (SPO) delegation to predefined voting options, as well as DRep auto-abstention votes.
“This node includes several improvements to the governance system, including support for SPO delegation for predefined voting options. It also enables new Plutus primitives as defined in CIP-0122, CIP-0123, and CIP-0127. Finally, it includes several other improvements to the ledger, CLI, API, and network codebases. Take the time to read the release notes, as there are some drastic changes as old features are phased out.”
The team highlighted in the release that this second phase of implementation, Chang 2 upgrade, will move the Cardano blockchain out of the bootstrap governance under which it has operated since update Chang 1. “This allowed a necessary step change for initial integration and participation in governance,” he highlighted.
According to the statement, the timeline for the Chang 2 upgrade will be determined by the interim constitution and enacted upon approval by the ICC and SPOs.
The team behind the protocol further highlighted that following a successful Chang 2 hard fork, decisions on the Cardano blockchain will be shaped and voted on through fully decentralized governance, as detailed in CIP-1694.
At the time of publication, Cardano price is quoted at $0,3511 with a decline of 1.9% in the last 24 hours.
