#Cardano is preparing for a significant upgrade named Plomin Hard Fork on Wednesday evening, ushering in a new era for network governance. This is a major step that allows ADA holders to vote on changes and the direction of this blockchain.
Cardano Plomin Hard Fork – A Breakthrough in Governance
According to the Cardano Foundation, this update will empower the community to participate in important network decisions. This helps Cardano become a truly decentralized governance blockchain, rather than relying solely on a development team.
Cardano is the blockchain behind the $ADA , currently ranked among the top 10 largest cryptocurrencies. Founded by Charles Hoskinson – one of the co-founders of Ethereum, Cardano competes directly with $ETH in the smart contract space.
Hard Fork But Not a Split
Unlike the usual #Hardfork periods that can create a new blockchain, this time, the Plomin Hard Fork is an upgrade agreed upon by the entire network. All nodes in the system will switch to the new version simultaneously at the designated time.
Developers and validators on Cardano must update the system to continue participating in the network after the hard fork occurs.
Impact on ADA Price and Cardano's Future
Cardano has attracted attention from the community since December when Hoskinson announced he would spend more time lobbying for policy in Washington to promote the crypto industry. This could help Cardano gain wider acceptance in the U.S.
In the context of Donald Trump showing a friendly stance towards crypto, the ADA community hopes that new policies can create a more favorable environment for Cardano's development.
With the Plomin Hard Fork, Cardano can get closer to a community-driven blockchain system, strengthening its position in the crypto market. The big question is whether this will...
