Cardano releases a major update on Voltaire era, will ADA make the most of it?

Cardano published its weekly development report, providing updates on the progress made on CIP-1694 and the Conway ledger era development.

data. The coin was the fourth-largest crypto in the sector with a market cap in excess of $14 billion.However, a concerning factor was Cardano’s stagnant development activity. As per data from Santiment, the metric exhibited a flat line since 19 April. Development activity is an important indicator to evaluate the prospects of a blockchain, with low values implying that upcoming upgrades could be delayed.

One of the most important updates was regarding progress made on CIP-1694 and the Conway ledger era development. These included incorporation of Plutus v3 support into the Conway ledger, modifications made to delegation certificates and adding governance ledger states. A change to Cardano’s on-chain governance system is proposed in CIP 1694, which has Voltaire’s birth year as its name. With the Voltaire era, Cardano intends to fully establish itself as a decentralized autonomous organization .

After CIP- 1694, any Cardano user will be able to submit a governance action which will be ratified by three groups – a Constitutional Committee, a group of delegation representatives , and stake pool operators , thus giving the community a final say in Cardano’s functioning.

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