Crypto

Cardano Releases New Update And Decentralizing In Voltaire: Why Is ADA Stuck?

Cardano Releases GraphQL 8.2.2

Cardano, a pioneering smart contracts platform and a notable alternative to Ethereum, is consistently advancing in its capabilities. Mere days after the activation of the highly anticipated Chang hard fork, which marks the commencement of the Voltaire phase, Cardano’s developers are already back to work with new updates.

In a recent post on platform X, Cardano developers have announced the launch of GraphQL 8.2.2. This release aims to enhance the developer experience and foster the building of decentralized applications (dapps). The new version of GraphQL is a significant step towards improving the overall capabilities and efficiency of the Cardano network.

GraphQL 8.2.2 offers a streamlined method for developers to query and update data on the network. By refining the query language, developers are making it more powerful and creating an environment conducive to the launch and growth of dapps. This update is particularly timely as Cardano moves into the Voltaire phase, a crucial stage that permits the deployment of dapps and the expansion of its ecosystem. The new GraphQL update provides a solid foundation for developers and projects to refine their protocols and improve interactions with the mainnet.

Charles Hoskinson Focuses on Decentralized Governance: What’s Next for ADA?

Amidst these developments, Charles Hoskinson, the founder of Cardano, has outlined the network’s next steps towards further decentralization. With the completion of the Chang hard fork, the focus now shifts to decentralizing governance, allowing ADA holders to have a significant role in the network’s evolution.

In a recent video update, Hoskinson underscored the importance of community participation in this process. To achieve effective decentralized governance, the immediate goal is to draft a formal constitution. The network is currently in a “bootstrap phase” that is expected to last three months, during which the critical components of the new governance system will be activated.

During this phase, delegated representatives (DReps) will be registered, and the interim Constitutional Committee will be operationalized. Additionally, a portion of Cardano’s treasury funds will be transparently allocated to facilitate this process.

Despite these significant advancements, ADA prices remain relatively stagnant. On the daily chart, ADA is trending within a falling channel, having shed nearly 60% from the highs observed in March. Holders are now eagerly anticipating further developments, especially since Cardano has completed its initial five phases of development from Byron.

Stay tuned for more updates on Cardano as the platform continues to evolve and expand its ecosystem.

Emma Horvath

After graduating Communication and Media Studies MA in Eötvös Loránd University, Emma started to realize that her childhood dream as a creative news reporter committed to find dynamic journalism stories. I'm a passionate journalist with a keen interest in the fast-evolving world of cryptocurrencies. I've been reporting on the latest developments in the crypto industry for several years now, covering breaking news and providing insights on how the market is trending. I'm adept at analyzing daily market movements, researching ICOs, and keeping track of the latest innovations in blockchain technology. My expertise in the space makes her a trusted voice in the crypto community. Whether it's the latest Bitcoin price movements or the launch of a new DeFi platform, I am always at the forefront, bringing her readers the most up-to-date and informative news.

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