BULLISH 📈 : Cardano to Release Hard Fork Features with Node Upgrades

Cardano Upgrade Insights

  • Intersect shared details about upcoming Cardano upgrades aimed at increasing update frequency as the blockchain nears the Intra-era hard fork to Protocol Version 11.
  • The intra-era upgrade will not alter transaction structures, focusing instead on performance improvements for Plutus, new cryptographic capabilities, and cleaner ledger rules.
  • Currently, the upgrade process is in initial stages, concentrating on socialization and planning.
  • The IOE teams are working on two releases:
    • Pre-Release Cardano Node 10.6.2, expected within a week, containing hard fork functionality and involved in SanchoNet testing.
    • Cardano Node 10.7.0, targeted for release in three weeks, is the mainnet hard-fork-ready candidate.

Historical Context

  • The update comes a year after the Plomin hard fork, which introduced decentralized governance to Cardano, requiring a 51% majority vote from Stake Pool Operators.
  • The Chang hard fork further enhanced decentralized governance with on-chain features, allowing ADA holders to elect Delegate Representatives and participate in proposal voting.