Cardano News: Cardano Activates First Onchain Governance Hard Fork

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Cardano activates its first onchain governance hard fork with Protocol Version 11, adding new features and reducing smart contract costs.

Cardano has reached an important milestone with its latest network upgrade. The Van Rossem hard fork activated Protocol Version 11 across the blockchain. Notably, this is the first upgrade for Cardano to be fully approved on-chain. The event emphasizes the increasing importance of community decision-making in the network.

Cardano Community Approves Historic Network Upgrade

In the past, the key blockchain upgrades were subject to approval by the core teams and developers. But with Cardano’s governance system, stakeholders can now directly vote on key changes. As a result, the Van Rossem hard fork became the first upgrade to pass through this process

The hard fork added Protocol Version 11, which features a number of technical enhancements. It introduces additional features to Cardano’s smart contract platform Plutus, in particular. These additions are anticipated to assist developers in creating more sophisticated blockchain applications.

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Additionally, there are changes to the cost model of Cardano in the upgrade. This will reduce the cost that developers have to pay while running smart contracts on the network. The reduced costs may also drive more projects to be launched on Cardano in the near future.

The on-chain governance model of Cardano was introduced in previous updates and community discussions. Since then, network participants have been given more influence in the future of the blockchain. Consequently, the successful vote demonstrates that Cardano’s governance system is functioning as intended.

The quest for a more efficient and decentralized blockchain network is ongoing. As such, Cardano’s recent success can be a blueprint for other projects that are looking into community-led governance systems.

Protocol Version 11 Brings New Features and Future Plans

Another reason why Protocol Version 11 is significant is that it paves the way for Cardano’s further advancement. The upgrade is expected to provide the technical basis for the Dijkstra era, which will be further developed in the future, according to the development roadmap.

Moreover, the new Plutus capabilities could enhance the performance of decentralized applications. When selecting a blockchain, developers tend to look for lower fees and better tools. Therefore, these adjustments could enhance the competitiveness of Cardano in the blockchain sector.

Cardano is still one of the biggest blockchain networks by market value. It is also known for its research-driven approach and focus on long-term development. Therefore, many community members closely watched the progress of the Van Rossem hard fork.

The activation was successful with no significant reported problems. Network participants are still monitoring performance after the upgrade. Initial reports are that the switch to Protocol Version 11 was successful throughout the ecosystem.

In the future, Cardano’s governance will be more influential in decision-making. The more blockchain technology evolves, the more important it becomes for the community to be involved. This means that Cardano’s first fully on-chain governance hard fork could be a major milestone in the network’s history.





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