Cardano Transitions to Decentralized Governance with Plomin Hard Fork
- The Plomin hard fork enables Cardano’s shift to decentralized governance.
- ADA holders gain voting power on blockchain parameters and future developments.
- Cardano’s ADA token was valued at 93 cents, a 1.4% increase on the day.
- A successful upgrade requires a 51% vote from Stake Pool Operators.
- Nearly 80% of nodes had upgraded to the new version as of last week.
The Plomin hard fork marks Cardano’s transition to decentralized governance, with ADA holders now having real voting power. As of last week, almost 80% of nodes were updated, facilitating this significant change in blockchain management.
Source (2.6)https://www.coindesk.com/tech/2025/01/29/cardano-will-transition-to-full-decentralized-governance-after-wednesday-s-hard-fork-cardano-foundation-says?rand=52298
