Cardano will move across the decentralized management after Plomin Hard Fork, says Cardano Foundation
The Proof-of-Stake Blockchain Cardano will be moving to decentralized management later Wednesday after being carried out by the Ploman Hard Fork, the Cardano Foundation, a non-profit organization that supports the project, X.
“The Plomin Hard Fork will be effective, marked by the transition to entire decentralized management. ADA holders get the true power of voting – with changes in parameter, treasury removal, hard forks, and future of the Blockchain, ” Cardano Foundation said. “(It’s) a milestone in blockchain management.”
Cardano’s ADA token changed hands to 93 cents at the time of press, up to 1.4% a day, according to data from CoinDesk and TradingView. A tough fork is an incompatible change in Blockchain’s programming.
Plomin Hard Fork requires stake pool operators to upgrade their nodes and approve upgrading with 51% vote. As last week, nearly 80% of the nodes were raised in the new version.
