Cardano's Van Rossem hard fork has entered its first live governance-driven activation stage, marking a significant phase in its development. The transition follows the release of Cardano Node v11.0.1, which is ready for the mainnet hard fork. Intersect emphasized the necessity for ecosystem participants, including exchanges and stake pool operators, to upgrade to v11.0.1, as node v10.7.1 cannot progress beyond Protocol Version 11.0.
A Plutus cost model update is set for ratification on May 16 and enactment on May 21, highlighting Cardano's reliance on coordinated governance for technical upgrades. ADA is trading at $0.278, fluctuating between $0.22 and $0.31, as traders watch for governance execution risks.
Cardano's Van Rossem Hard Fork Enters Governance Activation Phase
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