Main navigation

Cardano (ADA) Voltaire Era to Be Launched Following Three Major Steps: Details

Thu, 03/02/2023 - 08:16
article image
Godfrey Benjamin
Cardano working on ushering in Fifth Era on network, Voltaire
Cardano (ADA) Voltaire Era to Be Launched Following Three Major Steps: Details
Cover image via stock.adobe.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

With plans to become one of the most community-focused blockchain protocols, the Cardano (ADA) network has outlined plans to usher in its long-awaited Voltaire Era following three major steps. As outlined by Nigel Helmsley, Input Output Global's VP Voltaire said the three steps double as governance pillars and include the MBO, the Constitution and Democratic consent.

The first step, MBO — Member-Based Organization — will serve as the aggregation point for all of the protocol's community members. According to Nigel, it is the administrator for all governance processes that will enable the continued development of Cardano based on its roadmap.

The Voltaire Era will also be ushered in after the full implementation of the Constitution, which is a set of rules that will create the basis for all community members to abide by. While Cardano looks to transition into a community-operated protocol, there is a need for a set of guiding rules for all participants across the board.

Related
Cardano Joins Linux Foundation as Gold Member

The third step is Democratic Consent, dubbed the technical implementation phase, which will enable wider governance and mass community participation — all made possible through blockchain technology.

Last era on Cardano?

The Cardano protocol is an actively evolving one, and the Voltaire Era can be described as the fifth major era the blockchain has undergone since its inception to date. As highlighted previously by U.Today, the previous eras include the Byron Era, the Shelley Era, the Goguen Era, the Basho Era and, finally, the Voltaire Era.

Whether or not additional eras will be unveiled in the near future is unknown; however, for now, the core developers at IOG said they are working alongside the Cardano Foundation and Emurgo, as well as other major stakeholders in the ecosystem to help fast-track the emergence of this long-awaited era.

article image
About the author

Godfrey Benjamin is an experienced crypto journalist whose main goal is to educate everyone around him about the prospects of Web 3.0. His love for crypto was birthed when, as a former banker, he discovered the obvious advantages of decentralized money over traditional payments. With his vast experience covering various aspects of Web3, Godfrey's articles has been featured on Blockchain.news, Cryptonews and Coingape, among others.