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In a new tweet, Intersect, a member-based organization in the Cardano ecosystem, shared a recent upgrade status about the Van Rossem hard fork.
Intersect noted that momentum toward the intra-era Van Rossem hard fork continues across node, infrastructure, and ecosystem coordination, with the Preview now moved into the first live governance-driven activation stage.
A highlight of the report is the Node 11 release, with the preview environment forked early on May 8. Intersect stated that Node v11.0.1 is now fully released and mainnet hard fork-ready.
Upgrade alert issued
With the Node v11.0.1 now fully released and mainnet hard fork ready, Intersect issues an upgrade alert to the Cardano ecosystem participants.
This notice was necessitated following the confirmation that node v10.7.1 cannot progress beyond the Protocol Version 11.0 hard fork boundary. This implies that ecosystem infrastructure must upgrade to v11.0.1 in order to continue operating after the fork. The delta between v10.7.1 and v11.0.1 is minor and is not expected to materially impact ongoing integration efforts, Intersect noted.
Cardano Node version 11.0.1, which is an essential requirement to safely cross the hard fork, was launched in prerelease at the start of May before now being fully released.
A Plutus cost model protocol parameter update governance action has also been submitted on PreProd, with target ratification for May 16, implying enactment targeted for May 21.
Cardano price
At the time of writing, ADA was down 2.18% in the last 24 hours to $0.278 and up 11.88% in the past week.
Cardano continues to trade sideways between $0.22 and $0.31, indicating a balance between supply and demand. The $0.25 remains a key level and the RSI is in positive territory, indicating a slight advantage for the bulls.
If the price sustains above current levels and above the daily MA 50 at $0.252, buyers might seek to drive the ADA price to $0.30 and later to $0.31.
On the other hand, a break below the 50-day moving average might indicate that buyers are losing their grip. ADA price might then move to the $0.22 support.
Dan Burgin
U.Today Editorial Team
