Cardano (ADA) has experienced a price increase of approximately 5% following the release of Cardano node v9.0, which aims to usher in a new era of decentralized governance. Intersect, an organization within the Cardano ecosystem, recently announced the launch of the Cardano governance node.
The release of Cardano node v9.0 signifies the completion of primary development for on-chain governance and marks the beginning of ecosystem-driven testing and adoption. Some key features of this governance node include support for Plutus v1 reference scripts and Plutus script signature support via CIP-69.
This milestone is crucial in realizing the decentralized governance proposed in the CIP-1694 proposal. It is also a significant step towards the Chang Hard Fork upgrade, which aims to implement decentralized governance within the Cardano blockchain.
Charles Hoskinson, the founder of Cardano, has described the Chang Hard Fork as a strategic milestone in ADA’s journey towards complete community governance. The Cardano team has been working diligently to prepare the necessary infrastructure for the upgrade.
With the arrival of Cardano node v9.0, Cardano is now ready for the Chang Hard Fork upgrade, which is expected to be officially launched in Q1 2024. The anticipation for this upgrade, combined with the recent governance node milestone, has led to an uptrend for ADA. Currently, ADA is trading at $0.3751, with a 24-hour growth rate of 3%.
Overall, the release of Cardano node v9.0 and the upcoming Chang Hard Fork upgrade highlight Cardano’s commitment to decentralized governance and community involvement in the blockchain ecosystem. The Importance of Regular Exercise
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