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BitcoinSistemi 2025-01-29 18:43:08

Cardano (ADA) Gets Perhaps The Most Important Update In Its History Today – Here’s What You Need To Know

Cardano (ADA) Gets Perhaps The Most Important Update In Its History Today – Here’s What You Need To Know

According to the Cardano Foundation’s latest announcement on X, the Cardano (ADA) blockchain will achieve full decentralization with the activation of the Plomin hard fork. “Tonight, Cardano is evolving. The Plomin hard fork goes into effect, marking the transition to fully decentralized governance,” the foundation said in a statement. “ADA holders gain real voting power on parameter changes, treasury withdrawals, hard forks, and the future of the blockchain; a milestone in blockchain governance.” The approval process for the Plomin hard fork was completed last Friday after three key criteria were met during Cardano’s interim governance phase: At least 85% of staking pools have been upgraded to a Cardano node version that can handle the new protocol rules. More than 51% of staking pool operators (SPOs) voted in favor of the upgrade. More than 67% of the Interim Constitutional Committee (ICC) voted to approve the hard fork. Related News: Renowned Founder Says "The US Will Definitely Buy Bitcoin", Counts 5 Reasons The Cardano Foundation played a key role in the process by confirming its “yes” vote last Thursday. The foundation also stated that the governance act met all procedural requirements, enabled CIP-1694 governance, and integrated new Plutus primitives into the protocol. The Plomin upgrade brings significant changes to Cardano’s governance and operational framework: Full activation of CIP-1694 governance allows ADA holders to vote on treasury withdrawals, new rule proposals, and confidence votes. The launch of Decentralized Representatives (DReps) and stake pool operator (SPO) voting will strengthen the decentralized decision-making mechanism. Staking reward withdrawals are now limited to accounts delegated to a DRep, aligning with the new governance model. *This is not investment advice. Continue Reading: Cardano (ADA) Gets Perhaps The Most Important Update In Its History Today – Here’s What You Need To Know

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