Cardano Activates Plomin Upgrade, Enabling Decentralized Governance System

Cardano activated its "Plomin" upgrade, marking a shift toward decentralized governance. Key points include:

• ADA token holders can now vote on treasury measures and hard forks.
• The upgrade follows the “Chang” hard fork implemented four months prior.
• Delegate Representatives (dReps) will represent ADA holders in governance decisions.
• Previously, governance was managed by three founding entities: Cardano Foundation, Input Output Global (IOHK), and Emurgo.
• Around 85% of nodes were upgraded for the Plomin changes.
• Future developments aim to enhance speed, privacy features, and utility for developers.