Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Cardano Prepares Major Upgrades That Could Reshape Its Future

Cardano Prepares Major Upgrades That Could Reshape Its Future

Cryptodnes2024/11/14 12:22
By:Cryptodnes

Excitement is building within the Cardano community as the highly anticipated Chang 2 hard fork arrives with two significant upgrades.

Intersect, a Cardano ecosystem organization, recently revealed this week’s updates: a preproduction hard fork governance measure and a new governance update for the Daedalus wallet.

The preproduction hard fork is a critical step, introducing protocol version 10.0 and bringing a more complete governance model to the PreProd environment. According to Intersect, feedback from the first Chang upgrade highlighted the need for extended preproduction testing before proceeding with the mainnet hard fork.

The recent governance action seeks to address this by incorporating the updated PlutusV3 cost model, allowing new Plutus functions to be activated post-hardfork. For the change to go live on-chain, support from Stake Pool Operators (SPOs) and Intersect members (ICC) is essential.

READ MORE:
Blockchain Project Partners with Google Cloud to Strengthen Web3 Innovation

The Daedalus wallet update is the second major development. With version 7.0.0, users can delegate their voting authority to designated representatives (DReps) or use an automatic voting feature, broadening community involvement in Cardano’s governance.

SHARE: SHARES
1

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!