Cardano Nears Major Milestone With Voltaire Phase

According to U.Today, Cardano, a leading proof-of-stake blockchain platform, is nearing a significant milestone, as shared by founder Charles Hoskinson on social media. The platform has reached the fifth stage of its ambitious roadmap, known as 'Voltaire'. This phase is aimed at transforming the network into a self-sustaining ecosystem. Hoskinson anticipates that by June, Cardano Node, the network's top component, will reach version 9.0. The Cardano network is already prepared for the Chang fork, with 70% of stake pool operators (SPOs) expected to install the new node. The hard fork will introduce two major upgrades. The first will lay the foundation for initiating decentralized voting and governance actions. The second stage will complete the introduction of various governance features, including treasury withdrawals. The Voltaire phase is expected to increase the level of decentralization and transparency within the Cardano ecosystem. Hoskinson boldly asserts that the Chang hard fork will represent the most significant milestone for the entire blockchain industry. He envisions Cardano as a decentralized civilization spanning the globe with millions of residents, boasting the most advanced blockchain governance system, annual budgets, a treasury, and the collective wisdom of the community for guidance. Earlier this month, Hoskinson criticized cryptocurrency influencers who believe that the Cardano network lacks fundamentals. He believes there is a significant disconnect between the views of Cardano skeptics and reality. The performance of ADA, Cardano's token, in 2024 will be a determining factor in the platform's success. So far, ADA's performance has been disappointing in 2024, causing it to fall out of the top 10 largest coins by market capitalization.