Charles Hoskinson Confirms Voltaire Is Coming Sooner Than Expected

Cardano (ADA) is poised to enter the final phase of its ambitious roadmap, the Volatire era. This upcoming upgrade will enhance the Cardano blockchain by incorporating CIP-1694, thereby evolving the Proof-of-Stake (PoS) network into a fully decentralized governance system.

The Wait Is Almost Over

Founder Charles Hoskinson has confirmed that the long-awaited moment is nearing, signaling the end of a lengthy wait for users. Hoskinson has announced via social media the imminent release of Cardano Node version 9.0 in June. This update will introduce the highly anticipated Chang hard fork, a significant transformation for the network.

Upon the activation of the hard fork, Cardano will begin its transition to a decentralized governance structure, as outlined in the CIP-1694 proposal. The first Chang update will kickstart this process, with subsequent upgrades in Q4 2024 unlocking additional governance features. Hoskinson envisions Cardano as a decentralized global entity with millions of participants, boasting an advanced blockchain governance system guided by community input.

Key Details

The Chang hard fork is instrumental in implementing CIP-1694, which aims to enable ADA holders to participate in on-chain governance actions. Following the hard fork, all Genesis keys will also be eliminated, symbolizing a shift towards full community control over the Cardano protocol.

Hoskinson believes that with the implementation of CIP-1694, Cardano will surpass competitors like Bitcoin (BTC) and Ethereum (ETH) in decentralization, although this remains to be seen. In any event, the transition to the Voltaire era signifies a crucial step towards genuine decentralization for Cardano, promising inclusive and transparent governance.