Cardano is changing via its Plomin hard fork Wednesday, with the aim of giving users of one of the world’s biggest blockchains more say on how the network runs.
The proof-of-stake network’s upgrade on Wednesday night will give those holding ADA “real voting power,” according to the Cardano Foundation, allowing them to weigh in on changes to the protocol and future upgrades.
Cardano is the blockchain network behind the ninth-biggest cryptocurrency by market cap, ADA. As a blockchain, it competes with the likes of Ethereum—which Cardano founder Charles Hoskinson helped create before departing the project—and allows developers to build smart contracts upon it.
Tonight, Cardano evolves.
The Plomin hard fork takes effect, marking the transition to full decentralized governance. $Ada holders gain real voting power—on parameter changes, treasury withdrawals, hard forks, and the blockchain’s future.
A milestone in blockchain governance.
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Author: Mathew Di Salvo
Tip BTC Newswire with Cryptocurrency