This move will result in the burning of all 7 Genesis keys, thus marking a historic leap to full decentralization. The update is expected to significantly improve supply chain management, as outlined in cip-1694, as well as lead to the introduction of delegated representatives (Drep), which will further decentralize decision-making in the ecosystem.
In addition to hardforks, Hoskinson also mentioned many other initiatives that can drive ecosystem growth and innovation. These include the introduction of new technologies such as Hydra, a second-tier scaling solution designed to increase transaction speeds and reduce costs, which is currently under development. In addition, Hoskinson emphasized that #Cardano boasts several partner networks, including Midnight and Prism.
Cardano's active involvement in the community is reflected in the rapidly growing number of dApps, significant research and development in #blockchain scalability, the #rare Evo blockchain conference (8/15-17), the Cardano Foundation Summit in Dubai (23/10-24), participation in TOKEN2049 in Singapore (9/18-19), etc. This is evidenced by the organization of major events.
In addition, the Project Catalyst initiative continues to drive community-driven innovation, providing funding and support for projects that promise real-world applications and solutions. Looking ahead, the Cardano ecosystem is preparing to sign an important constitutional treaty in Buenos Aires, and representatives will ratify the final version of the Cardano Constitution, further strengthening the foundations of decentralized governance.
We are on the cusp of the most important hardfork in the project's history, the dapps community is growing rapidly, we are leading the industry in scaling RandD, rare evo will be a huge event, the foundation summit will be huge, we will have a 2049 token like Hydra and other similar apps. technologies are mature: partnerchain, Midnight, Prism, many community events, as well as the constitutional convention in Argentina," said Hoskinson.
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