Cardano team activates the Plomin hardfork as part of a plan to increase decentralization

With its implementation, all native token holders will be able to vote on the project’s development

30.01.2025 - 09:20

3 min

What’s new? The Cardano team activated the Plomin hardfork on January 29 to transition the blockchain to a decentralized governance system. All ADA native token holders will now be able to influence the future of Cardano, including voting on the implementation of improvements and the distribution of funds from the project’s treasury.

Material by CoinDesk

What else is known? Plomin is part of a broader initiative to transform Cardano’s governance and move into the third and final era of the project’s development, dubbed the “Voltaire Era” by the developers.

The Chang hardfork was already activated last September as part of this initiative, which, according to Cardano founder Charles Hoskinson, solves the blockchain governance trilemma by striking a balance between efficiency, effectiveness, and integrity.

Ethereum developers have scheduled the Pectra hardfork for March 2025

The upgrade brings with it several important network improvements, including an increase in the staking limit for a single validator

Cardano will eventually have three governance bodies made up of users of the network: the Constitutional Committee, Delegated Representatives (dReps), and Stake Pool Operators (SPOs).

In turn, Cardano’s development organizations — Cardano Foundation, Input Output Global (IOHK), and Emurgo — will relinquish keys to perform upgrades, putting the project entirely in the hands of the community.

Plomin enabled the full implementation of a system of delegated representatives who would vote on governance issues on behalf of ADA token holders.

At least 51% of steaming pool operators had to update their nodes to implement Plomin. This week, the percentage of updated nodes reached 85%, allowing the network to make the upgrade.

Cardano founder calls the Chang hardfork a way to avoid “the anarchy of Bitcoin” and “the dictatorship of Ethereum”

Charles Hoskinson explained that Vitalik Buterin has undue influence over the management of Ethereum

On the back of the news, ADA rose 2% overnight to $0,9609. The asset ranks ninth in the overall cryptocurrency ranking in terms of market capitalization at $34,5 billion. ADA is currently trading 68% below its all-time high of $2,97 set on September 4, 2021.

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