- Cardano’s Chang hard fork sets the stage for decentralized governance, aiming to host a nation-state by 2030.
- Charles Hoskinson envisions Cardano enabling national governance, supported by smart contracts and on-chain voting.
- Cardano's upcoming node v10.0 and governance upgrades fuel its 2030 goal of supporting a nation-state.
Charles Hoskinson, founder of Cardano, has expressed plans for blockchain in the letter addressing the community, attributing the possibility of a nation-state running on the Cardano blockchain by 2030.
In a keynote address titled "After Voltaire: The Next Evolution of Cardano,” Hoskinson discussed how Cardano could become essential support in governance and decentralized systems. His forecast coincides with the ongoing evolution of Cardano's decentralized governance, highlighted by the recent Chang hard fork.
Cardano's Chang Hard Fork: Paving the Way for Governance Evolution
The recent hard fork change in the Cardano network, known as the Chang hard fork, marks a new successful step towards Cardano's decentralized self-governance. This upgrade aimed at improving the network and ensuring that Cardano operates on a fully decentralized governance system—this is a part of the Voltaire phase that Charles Hoskinson envisioned.
Additionally, Cardano is set to transition to self-governance protocols through another hard fork In November. Hoskinson sees the Chang upgrade as a critical step in enabling Cardano’s long-term goal of supporting national governance structures.
He believes Cardano can provide the infrastructure necessary for running a nation-state by 2030. This timeline aligns with Cardano’s vision of building a blockchain that impacts political, social, and economic systems over decades and centuries.
Cardano’s Role in Decentralized Governance and Technology
Hoskinson's vision for Cardano includes using the platform to manage a nation-state's governance and economic activities. He envisions a decentralized system where voting, governance, and financial transactions could all be conducted on Cardano. With smart contracts and on-chain decision-making processes, the blockchain could support millions of people.
He also noted that Cardano has made significant progress in recent years, preparing it for this advanced responsibility. Blockchain has advanced through various stages of development, including introducing on-chain governance functionality and expanding capabilities with smart contracts. Their advancement places Cardano in a favorable position to accommodate decentralized governance on a national level.
Cardano's technological advances are boosting community confidence despite recent declines in its token, ADA. Despite ADA's 4.9% drop in value, Cardano's trading volume has surged, signaling optimism about its future potential.
Recent partnerships, such as the collaboration between Cardano's commercial arm, EMURGO, and BitcoinOS, highlight efforts to increase cross-chain functionality and liquidity flow between networks.
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