Home » Altcoins » Cardano Officially Begins Voltaire Era with Governance Uprade

Cardano Officially Begins Voltaire Era with Governance Uprade

03.09.2024 8:30 1 min. read Alexander Stefanov
SHARE: SHARES
Cardano Officially Begins Voltaire Era with Governance Uprade

Cardano has transitioned into its Voltaire era following the Chang hard fork on September 1.

This update shifts power to ADA holders, allowing them to participate directly in network governance. A portion of transaction fees will now fund projects approved by the community, marking the final step in Cardano’s roadmap.

Initially, a temporary Constitutional Committee will oversee the network, guiding it until the community fully takes control. ADA holders will also elect Delegate Representatives (DReps) to help shape governance, while Stake Pool Operators (SPOs) ensure fair representation.

The rollout is happening in two phases. Phase One, triggered by the Chang upgrade, allows DReps to start gathering support. This stage will last around 90 days, with the temporary committee monitoring progress. Phase Two will then hand decision-making power to DReps and SPOs, who will address critical governance issues.

A key moment in this transition is the burning of the genesis keys, which originally gave network control to Cardano’s founders. Although the community has been quick to get involved—with 45 DReps stepping up within a day of the upgrade—the market response was less enthusiastic. ADA’s price dropped over 4%, reflecting broader market trends and pushing the cryptocurrency out of the top 10 by market cap.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

Telegram

SHARE: SHARES
More Altcoins News

First-Ever Staked Crypto ETF Set to Launch in the U.S. This Week

A new milestone in cryptocurrency investment products is set to unfold this Wednesday, as REX Shares prepares to launch the first-ever U.S.-listed staked crypto exchange-traded fund (ETF), according to a company announcement shared on X.

01.07.2025 9:00 2 min. read Kosta Gushterov

XRP Price Prediction: Can XRP Hit $4 After XRPL EVM Sidechain Launch?

XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]

30.06.2025 22:06 3 min. read Alejandro Ar

XRP Ledger Deploys EVM-Compatible Sidechain to Expand Multichain Utility

The XRP Ledger (XRPL) has officially launched its Ethereum Virtual Machine (EVM) sidechain on mainnet — marking a major milestone in its effort to bridge XRP’s payment efficiency with Ethereum’s smart contract capabilities.

30.06.2025 21:00 2 min. read Kosta Gushterov

Ethereum Launches Onchain Time Capsule to Mark 11th Anniversary in 2026

A community-driven initiative launched Monday is inviting Ethereum users to lock art, memories, and personal messages inside a decentralized “time capsule,” set to be opened on the network’s 11th anniversary next year.

30.06.2025 19:00 1 min. read Kosta Gushterov
No Comments yet!

Your Email address will not be published.