Cardano Network Undergoes Structural Changes Ahead of Voltaire Era

The Cardano network is currently undergoing significant structural changes in its leadership and operations, with some of these changes already being implemented during the “90-day bootstrap phase.” This phase is expected to continue progressively until the start of the “Voltaire era.” The Voltaire era aims to break away from hierarchical structures, creating a truly decentralized platform that will serve as a pioneering example for the broader crypto community on proper decentralization.

Addressing the crypto community, Cardano co-founder Charles Hoskinson explained the network’s ongoing transition from the Chang hard fork blueprint to the Voltaire era. As part of this transition, Cardano will conduct a registration process for “DReps” (Delegated Representatives) and establish a constitutional committee to serve in an interim role. At the end of the 90-day bootstrap phase, the network leadership will implement the next phase, known as Chang +1.

Cardano’s future leadership structure will consist of three arms: Delegated Representatives, a Constitutional Committee, and Stake Pool Operators (SPOs).

To prepare for this transition, Hoskinson revealed that the network has been holding numerous meetings across various countries. These meetings focus on industry discussions and the drafting of proposed constitutional items.

Additionally, these meetings are expected to produce a delegation for the December convention, where a formal constitution will be commissioned. The convention, set to be held in Argentina, is expected to advance the Cardano ecosystem by commissioning new leadership and setting a pioneering direction for the network.

With over $600 million worth of ADA in its asset holdings, Cardano is expected to formulate a budget for the year to support marketing strategies and the overall development of the network. These recent moves by Cardano have impressed investors, contributing to the bullish momentum of its native token, ADA.