Cardano co-founder Charles Hoskinson is preparing for the upcoming Voltaire phase of the blockchain’s roadmap. This phase includes two Chang upgrades that will introduce governance features to Cardano, such as decentralized voting and treasury withdrawals. Hoskinson anticipates that the Cardano Node will reach version 9.0 in June, paving the way for the Chang fork and the Age of Voltaire. This milestone signifies a significant moment for Cardano and the entire industry, as it will make the blockchain a decentralized civilization with advanced governance systems and community input.
The Voltaire phase is the final stage of Cardano’s roadmap, aimed at creating a self-sufficient network. With the introduction of a voting and treasury system, Cardano will no longer be managed by Input Output Hong Kong (IOHK) but will be in the hands of the community. This shift towards decentralization will empower Cardano users to guide the network’s growth and evolution, building on the secure foundation established by IOHK.
Under the Voltaire phase, Cardano aims to become a decentralized civilization with millions of residents worldwide. The blockchain will have an advanced governance system, annual budgets, a treasury, and community-driven decision-making processes. These features will enable Cardano to operate autonomously, ensuring its sustainability and growth in the future. By empowering the community to shape the network’s direction, Cardano is moving towards a more inclusive and decentralized model of governance.
Hoskinson’s announcement of the Cardano Node reaching version 9.0 in June indicates a significant step towards the implementation of the Chang upgrades and the Age of Voltaire. The development of these features will mark a crucial moment for Cardano, as it transitions to a fully decentralized network managed by the community. With the governance features introduced in the Voltaire phase, Cardano will be equipped to operate independently, with the wisdom and input of its users guiding its development and evolution.
As Cardano prepares for the Voltaire phase, it is positioning itself as a pioneer in blockchain governance and decentralization. By implementing advanced governance features and empowering the community to make decisions, Cardano is setting the stage for a new era of decentralized blockchain networks. The upcoming Chang upgrades and the Age of Voltaire represent a significant milestone for Cardano and the broader cryptocurrency industry, emphasizing the importance of community-driven governance in the future of blockchain technology. With the support of its users, Cardano is poised to lead the way in decentralized governance and innovation.
Discussion about this post