Although Cardano always occupies the top 10 rankings of many altcoins, there is always a sense of sadness like a wallflower accompanying the school belle. However, Cardano’s cryptocurrency code name ADA is named after An outstanding female scientist, Ada Lovelace, the first computer engineer in history.
In 2015, Cardano named the community's founding period the Byron Era after the British poet Byron. Ada was Byron's only daughter. The native currency issued on Cardano was called ADA.
The first version of Cardano lets users buy and sell ADA coins on the Ouroboros consensus protocol. Ouroboros is the core concept of Cardano. It is also the first equity protocol created in academic research and has a mathematically verified security level.
Cardano launched the Daedalus wallet (ADA’s official desktop IOHK wallet) in the Byron era and the Yoroi wallet (a light wallet developed by IOHK sister company Emurgo) designed for fast transactions and daily use
IOHK (Input Output Hong Kong) is the development team behind Cardano, consisting of Charles Hoskinson and Jeremy Wood, the co-founders of Ethereum. It is headquartered in Hong Kong and later moved to Wyoming in the United States. The IOHK brand was renamed IOG (Input Output Wyoming). ).
Jeremy Wood, another mysterious co-founder of IOG who is silent and low-key, has a liberal arts background and graduated from the literature department of Indiana University. From the road map deployed by Cardano, it can be seen that he is full of artistic youth. Jeremy Wood has lived in Osaka, Japan most of the time. The two co-founders love Asia. ADA currency has die-hard supporters in communities such as Japan, South Korea, Hong Kong, Mainland China, Taiwan, Vietnam and Indonesia.
The new version of Node 9.0 node verification came out on July 8th
The Cardano development team launched a new version of the node verification software Node 9.0 on July 8. Cardano founder Charles Hoskinson said in a YouTube video on July 7 that this is the last step in the Cardano development team's roadmap before completing the hard fork. Node 9.0 supports hard fork boundaries across mainnet and the long-running PreProd testnet.
Cardano node v9.0 is here! This release wraps up the primary development for on-chain governance and kicks off ecosystem-driven testing. Exciting new features include support for Plutus v1 reference scripts and CIP-69. A big step toward decentralized governance as outlined… pic.twitter.com/06DsiQu4RG
— Intersect (@IntersectMBO) July 9, 2024
Cardano announces the advent of VOLTAIR, the era of Voltaire
Node 9.0 launches Cardano officially enters the VOLTAIR "Voltaire Era". This stage aims to achieve fully decentralized governance.
This major change is described in Cardano’s CIP1694 improvement proposal. CIP1694 was initiated by ADA token holders (DReps), who drafted the Cardano governance constitution and proposed changes to establish a governance structure.
Cardano’s governance structure is named after the French literary giant and author Voltaire. Voltaire advocated freedom, equality and civil autonomy.
Voltaire for the final stage of Cardano’s roadmap. In this final stage, Cardano will develop into a completely decentralized autonomous community, where all relevant stakeholders, that is, everyone who holds ADA and stakes tokens, can have a voice and vote on future development.
Chang hard fork allows old and new ledgers to run simultaneously during the transition period
Different from the hard fork of Bitcoin and the hard fork of Ethereum, which are based on independent development of new dishes and then replacing the old ones, Cardano's hard fork is a combination meal model, and Cardano's blockchain hard fork protocol allows the old version of the ledger Run concurrently with the new version before transitioning to the new version. This ensures that Cardano's entire record appears as a single ledger.
Bull market coming? Bitboy, a celebrity in the currency circle, deliberately badmouths Cardano and is seen as preparing to buy the dip.
Former Cardano supporter Ben Armstrong (BitBoy) said ADA has lost institutional favor and venture capital firms have no interest in ADA at all. He believes a lack of institutional support could hamper ADA’s long-term viability and development, although he acknowledges the potential for short-term gains for ADA holders during the current market cycle.
Charles Hoskinson countered by emphasizing the core concept behind Cardano. He said that the original vision (Cardano was a non-profit organization in its early days) was to create a decentralized financial system that might replace the existing traditional financial system, rather than relying on traditional institutions.
Cardano’s die-hard community supporters’ support for Cardano also comes from Cardano’s core concept of community consensus. They believe that Cardano can still achieve significant growth without relying on risk funds.
BitBoy’s skepticism about the ADA stands in stark contrast to his previous supportive stance. Just six months ago, he expressed strong optimism for Cardano and even predicted that the price of ADA would rise by 2,000%. The dramatic reversal raised questions online about the underlying motives behind his criticism. Twitter user ZKDID said, "He is making plans and must be buying the bottom."
As of the time of writing, the price of ADA has not changed significantly. Earlier today, founder Charles Hoskinson encouraged staking in a live broadcast on Youtube, but the video has been deleted.
This article Is Cardano’s bull run coming? Node 9.0 is about to reach the end of the road map. First appeared on Chain News ABMedia.
