{"id":136639,"date":"2024-09-03T08:30:34","date_gmt":"2024-09-03T05:30:34","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136639"},"modified":"2024-09-02T23:21:58","modified_gmt":"2024-09-02T20:21:58","slug":"cardano-officially-begins-voltaire-era-with-governance-uprade","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/cardano-officially-begins-voltaire-era-with-governance-uprade\/","title":{"rendered":"Cardano Officially Begins Voltaire Era with Governance Uprade"},"content":{"rendered":"<p>This <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cardano-successfully-launches-historic-chang-hard-fork\/\">update<\/a> <\/strong>shifts power to <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/cardano\/\">ADA<\/a><\/strong> 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\u2019s roadmap.<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-136623\" href=\"https:\/\/cryptodnes.bg\/en\/memecoins-plunge-dramatically-from-all-time-highs\/\" title=\"Memecoins Plunge Dramatically from All-Time Highs\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/red-markets-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Memecoins Plunge Dramatically from All-Time Highs<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>A key moment in this transition is the burning of the genesis keys, which originally gave network control to Cardano\u2019s founders. Although the community has been quick to get involved\u2014with 45 DReps stepping up within a day of the upgrade\u2014the market response was less enthusiastic. ADA\u2019s price dropped over 4%, reflecting broader market trends and pushing the cryptocurrency out of the top 10 by market cap.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano has transitioned into its Voltaire era following the Chang hard fork on September 1.<\/p>\n","protected":false},"author":3,"featured_media":33518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,23],"tags":[112,108],"coin_category":[],"class_list":["post-136639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-blockchain","tag-cardano","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cardano Officially Begins Voltaire Era with Governance Uprade<\/title>\n<meta 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