Cardano, a popular blockchain platform, has successfully implemented the Plomin hard fork today January 29, 2025. This is an important step as this upgrade will lead to new decentralized governance, giving users more control over the network’s decisions.
What is Cardano’s Plomin hard fork?
A Plomin hard fork is a significant change to the blockchain’s protocol that makes previously invalid blocks or transactions valid, or vice versa. This change is permanent and incompatible with the previous version of the blockchain.
With this update, the community will make the decision about the network’s future. With the Plomin hard fork, ADA holders (Cardano’s cryptocurrency) can now vote on important decisions, such as updates to the protocol, treasury allocation, and governance proposals.
The upgrade introduces a new governance framework, allowing ADA holders to delegate their voting power to representatives, known as Delegated Representative (DReps). These representatives will vote on behalf of the community, ensuring that decisions are made in a fair and transparent manner.
Rigorous Approval Process
The Plomin hard fork is a significant achievement for Cardano, demonstrating its commitment to decentralization and community involvement. The upgrade was approved through a rigorous process, with a majority vote from Stake Pool Operators (SPOs) and the Interim Constitutional Committee (ICC). As of January 22, 78% of network nodes had upgraded to the new version, indicating widespread support within the community.
With the Plomin hard fork now active, Cardano enters a new era of community-driven development. The network’s future will be shaped by the collective decisions of ADA holders, ensuing that the platform remains decentralized, transparent and community-focused.
At press time, the price of the ADA token stands at $0.9237 with a dip of 2.8% in the last 24 hours.
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