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Charles Hoskinson Predicts Major Cardano Hardfork In June, Upside for ADA?

Cardano Founder Charles Hoskinson has projected a major hard fork is on track to go live on the protocol this month, upside for ADA is huge
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Charles Hoskinson Predicts Major Cardano Hardfork In June, Upside for ADA?

Highlights

  • Cardano Founder Charles Hoskinson has hinted at the incoming Chang hard fork
  • The upgrade is on track to go live this month to usher in the Age of Voltaire
  • This upgrade might prove pivotal for ADA price

Cardano founder Charles Hoskinson has shared a major scoop that might serve as a major springboard for ADA price before the end of the month.

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The Cardano Hard Fork Launch

Taking to his official X account, Charles Hoskinson said it looks like June will be the month that Cardano Node will reach 9.0. With multiple years committed by the protocol’s developer teams to build the Chang Hard Fork, the Cardano founder noted that this and more upgrade is now ready.

What is needed now rests on getting 70% of the protocol’s Stake Pool Operators (SPOs) to install the new node. Once this is done, Charles Hoskinson said “a hard fork can occur pushing Cardano into the Age of Voltaire.”

The Cardano ecosystem has faced intense criticism from many industry experts, especially with claims of centralization. Despite these criticisms, the protocol has maintained its composure, with a focus on advancing its governance structure. According to Charles Hoskinson, this incoming Cardano hard fork will herald the enhanced decentralized governance described as the most sophisticated in the industry.

“It’s the most significant milestone in the history of Cardano and for the industry as a whole. Cardano will be a decentralized civilization spanning the entire world with millions of residents. We’ll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us,” Charles Hoskinson said in his post.

The developer of the Cardano Chang hard fork has taken close to 10 years. Should the protocol make the history as it planned to, Hoskinson has set the tone for the next decade –  to make a dent in the universe.

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Community Clamors For What Matters – ADA Price

The community is just getting to process this Chang hard fork update from the Cardano founder. However, the impact on ADA price remains a common concern for many.

Despite ranking in the top 10 of the most capitalized digital currencies in the industry, many considers the price undervalued. At the time of writing, Cardano is changing hands for $0.4398, up by 0.68% in 24 hours. In the Year-to-Date (YTD) period, the coin has slumped by 27%, serving as a major concern.

With the Cardano hard fork in view, a new outlook might engulf ADA. This outlook remain imminent with increased demand from investors potential interested in the governance system. This upside can help trigger a decoupling from Bitcoin (BTC), helping to drive its price to a new high.

Read More: Bitcoin (BTC) Price Is Back On Track, Key Resistance Levels To Watch

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Godfrey Benjamin

Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow him on X, Linkedin

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