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The Cardano network has inched closer to the final phase of a multiyear program to become a fully decentralized blockchain ecosystem. This milestone comes after the latest release of a major node validator software, which is the final development step needed to trigger the highly-awaited Chang hard fork.

The Dawn Of The Voltaire Era

The Cardano development team released Node 9.1.0, the newest version of the Cardano validator node software, on July 25. Node 9.1.0, which is an upgrade of Node 9.0 previously released on July 8, prepares the network for the Chang hard fork.

As a first step, the validating node software operated by the system’s stake pool operators needs to be upgraded to the latest version. Then, the blockchain will undergo the Chang hard fork, and, in doing so, enter the Voltaire era of decentralized network governance. Cardano is currently in its Basho phase.

For the hard fork to be executed, 70% of validators will vote to upgrade to the new software. Validators are upgrading swiftly, with 13% installing the new node as of publication time. Besides incorporating some bug fixes and enhancements, node 9.1.0 requires the use of the Conway Genesis file on the mainnet, which will facilitate the move to the Chang fork.

Chang Promises Significant Transformation Of Cardano Ecosystem

The Chang hard fork, initially slated for the first half of 2024, aims to enhance the infrastructure and capabilities of the Cardano blockchain dramatically.

Chang is the first step in giving Cardano fully decentralized governance. Once the switch is complete, the seven-year-old blockchain network will no longer be actively run by Cardano development firm IOG but will instead be completely managed by community members.

 Eventually, Chang will allow the introduction of Delegate Representatives (DReps), who Cardano tokenholders will vote in. These representatives will draft a Cardano Constitution, which will become the main governing law of the network. After a constitution is formulated and approved, DReps will continue to propose changes to the network per this constitution.

ADA tokens are up 2% in the past 24 hours, CoinGecko data shows. Be it as it may, Cardano enthusiasts are anticipating a meteoric price rally in the same mold as the Alonzo hard fork from 2021, which propelled ADA to its current lifetime high of $3.09 in September of that year.

CoinStats, a leading crypto, NFT, and DeFi portfolio manager, is proud to announce its partnership with FIO Protocol, which will allow CoinStats users to claim free Web3 handles.

The integrations will allow users to replace their public wallet addresses with a single, secure, customizable handle. Notably, this integration will provide a safe, read-only connection that protects user data and minimizes the risks of lost funds. Users have full control over their data, particularly what information third parties can access or share.  The partnership aligns with CoinStat’s mission of allowing users to manage their crypto portfolio efficiently.

FIO Protocol was created to provide users with a customizable, single, and secure handle that replaces their public wallet addresses. These handles are designed as the user’s Web3 identity and function as NFTs, offering a streamlined method for managing crypto assets. The Layer-1 FIO chain powers FIO Protocol and has registered 1.7 million handles. FIO Protocol is widely adopted and backed by over 70 industry leaders, including Edge Wallet, Opera, Binance, MetaMask, Trust Wallet, Coinomi, Guarda Wallet, and dopamine. The FIO token is at the project’s core used to power the FIO ecosystem.

The partnership with FIO Protocol introduces several features to CoinStats users that aim to simplify their crypto management. Users will be able to view FIO token balances and other blockchain data within the CoinStats portfolio tracker. In addition, users can use the FIO handle lookup to track balances for all addresses mapped to an FIO handle across different blockchains. With the partnership, users can also register and manage their FIO handles freely.

Founded in 2017 by Narek Gevorgayan, CoinStats provides users with a single platform to manage all their wallets and exchanges. CoinStats seeks to provide its users with the right tools to manage their crypto portfolios efficiently. Users can track their assets by connecting with over 300 wallets, exchanges, and blockchains. Notably, this integration marks CoinStats’ 100th blockchain integration a step to providing the most comprehensive and user-friendly platform for all users. CoinStats has over $100 million worth of assets managed through its app. 

Users can visit the stories sections on the CoinStats app to access the free Web3 handle and learn more about the integration.

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