Cardano Voltaire Upgrade: A Game-Changer for ADA as Community Takes Control
• Cardano is expected to initiate the Chang fork this month, which will set the stage for the “Age of Voltaire,” introducing new features such as treasury management, governance, and decentralized voting. • Voltaire will transition Cardano’s governance from IOHK to the ADA community, making the network fully decentralized and ushering in a new era for the entire blockchain ecosystem.
Since its launch in 2017, Cardano has always been meant to be a project for the people, by the people. However, it would always take time before the systems are in place for a fully decentralized network governed by its community. This reality is edging ever closer, and according to Charles Hoskinson, June will be the critical month that sets the foundation of the “Age of Voltaire.”
Cardano was designed to undergo five eras, each introducing new functionalities that make the network faster, more cost-efficient, more decentralized, and more secure. The first was Byron, which laid the foundation; then came Shelley, which focused on decentralization; third was Goguen, which built out smart contracts; and then it was the Basho era, where scaling was the main focus.