Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Menu

Categories:

Hot right now:

Follow on:

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.

Cardano Founder Approves Last-Minute Change To Chang Hard Fork

Share This Post

Charles Hoskinson, founder of the Cardano blockchain, has confirmed the integration of Cardano Improvement Proposal (CIP) 69 into the upcoming Chang hard fork. This announcement was made via X, emphasizing the adaptation to community feedback and aligning with the demands of the Cardano Foundation (CF).

Hoskinson detailed the decision process and its implications: “I saw the requests coming in for CIP-69. I spoke with the IOI delivery team, and they spoke with the folks at Intersect. There seems to be a lot of community demand for it, and the CF also has been pushing for CIP-69 to be included in Chang.”

The Cardano founder highlighted that he doesn’t expect a major delay because of the last-minute inclusion, “I don’t think it will add a significant delay to the delivery of Chang, but it’s important to understand that out of band roadmap changes are always disruptive and introduce additional risk. This said, the dev teams are going to find a way to roll CIP-69 into Chang.”

CIP-69, primarily authored by developers within the Cardano ecosystem, aims to streamline interactions within Cardano’s Plutus smart contracts by standardizing the input arguments across various types of scripts: spending, certifying, rewarding, and minting.

The primary change proposed is the elimination of the datum argument, a piece often linked to locking validators. Instead, validators will solely require a redeemer and the script context for execution, with datums being accessible via the ScriptContext or by an extension in the TxInfo’s Spending constructor.

This proposal addresses a critical design limitation known as the “mutual dependency issue,” where two validators must know each other’s hash. This has been a substantial barrier to the development of safe and effective decentralized applications (DApps) on Cardano, as it constrains the design space and adds complexity to dApp architectures.

Cardano’s Chang Hard Fork

The Chang hard fork, anticipated to occur in Q2 this year, marks a significant milestone in the Cardano roadmap, transitioning into the “Voltaire” era of governance. This era is characterized by a move towards decentralized governance structures, allowing the community to have a greater say in the development and funding of projects within the ecosystem.

Chang is split into two primary upgrades. Chang Upgrade Number 1: Initiates the deployment of governance features, beginning with the technical bootstrapping phase as outlined in SIP 1694. This phase is crucial for setting up the foundational governance mechanisms.

Chang Upgrade Number 2 advances these mechanisms out of the bootstrapping phase and introduces full-fledged on-chain governance capabilities, such as delegated representative participation and treasury withdrawals. This enables the Cardano community not only to vote on proposals but also to fund them, enhancing the ecosystem’s sustainability and responsiveness to user needs.

Hoskinson also highlighted the need for changes in the roadmap construction process post-Chang: “Post-Chang, the entire process for constructing and ratifying a roadmap between hard forks has to be overhauled to reflect the ability to use CIP-1694’s info action to approve a candidate roadmap. There are several working groups at intersect discussing this, and I’d encourage projects and community members to join and discuss to ensure their preferences and suggestions end up in the new process.”

At press time, ADA traded at $0.452.

Cardano price

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Sam Altman’s Worldcoin Raises $135 Million—WLD Token Jumps 15%

Worldcoin’s parent entity, the nonprofit World Foundation, has injected fresh momentum into its biometric-identity project after selling $135 million worth of liquid WLD tokens at spot price to two

XRP Ledger Gets Its First MiCA-Regulated Euro Stablecoin

XRP Ledger enters the MiCA era with its first fully compliant euro stablecoin, unlocking institutional-grade euro payments, stablecoin utility, and real-world asset tokenization MiCA-Compliant Euro

Bitcoin STH Still Holding Depite New ATH – Analyst Expects Profit Taking At $126K

Bitcoin has officially entered uncharted territory, breaking above its all-time high and reaching an impressive $111,888 earlier today This marks the beginning of a new price discovery phase,

Bitcoin ATH Met With Mixed Whale Reactions – What’s The Market Signal?

Yesterday, Bitcoin (BTC) made a fresh all-time high (ATH) of $111,880 on Binance crypto exchange following months of downward action during the first quarter of the year The leading cryptocurrency

Arthur Hayes Discusses $250K Bitcoin Target, $1M Ahead, Altcoin Season Yet to Ignite

Bitcoin is primed to skyrocket as Arthur Hayes forecasts $250K by year-end and $1 million by 2028, igniting massive momentum across the entire crypto market Arthur Hayes’ Bullish Bitcoin

Sui Price Forecast: What Next After the $223M Cetus Protocol Exploit?

The post Sui Price Forecast: What Next After the $223M Cetus Protocol Exploit appeared first on Coinpedia Fintech News Most of the impacted Sui-based tokens in the Cetus Protocol attack dropped over