Cardano, Layer-1 Blockchain, launched in 2017 by Ethereum co-founder Charles Hoskinson, activated his highly expected “Plomin” upgrade on Wednesday, introducing the ecosystem’s long-awaited movement towards a decentralized management system.
With the Plomin upgrade, which now lives, ada token holders will be able to shape Cardano’s future, including voting on the treasury measures and hard forks.
Plomin comes only four months after Cardano implemented “Chang” Hard fork, which introduced many of the mechanisms that came into force on Wednesday. (Hard forks are big updates made into a chain that makes older versions of this blockchain as outdated).
The biggest change that comes to Cardano with Plomin is the full implementation of delegated representatives (DREPS) who will vote on government issues on behalf of ADA token holders. Previously, Cardano’s three basic units – Cardano Foundation, Input Output Global (IOHK) and Emurgo – responsible for government changes and triggers chain upgrades. Forward, the keys they had, and these responsibilities are delegated to new Cardano management groups.
Prior to Plomin, it was necessary to upgrade Stakepool operators to upgrade their nodes and approve the upgrade with a 51% vote. From this week was approx. 85% of the nodes with the new version, enabling the network to continue with the changes.
As for what’s next with Cardano, the community already tackles a number of new questions to be implemented. “In short, we want to make Cardano faster, we will add some confidentiality -preserving features, and we want to add more tools to developers,” said Giorgio Zinetti, CTO for the Cardano Foundation, in an interview with Coindesk. “So the development will be what society wants.”
Read more: Cardanos Chang Hard Fork goes live and introduces control on the chain
