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Cardano It is gearing up for a major upgrade, with a Plomin hard fork expected in January 2025. Intersect, a member-based organization for the Cardano ecosystem, has provided a recent update in this regard.
As previously reported, the governance procedure for the Plomin hard fork of the Cardano mainnet was introduced on-chain on December 20. This action represents the end of the beginning for blockchain governance. If ratified, this measure would bring full governance, as stated in CIP-1694, to the mainnet, ending the technical bootstrap phase.
intersectThe latest Plomin update predicts that a Plomin hard fork may be activated on the Cardano mainnet in January, setting the epoch boundary dates in which the upgrade could occur. However, this is contingent on the governance procedure being ratified by the Share Pool Operators (SPOs) and the Intersect Constitution Committee (ICC). The dates are January 14, 19, 24 (deadline for submitting votes) and January 29, 2025.
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This shift is part of Cardano's long-term vision for the blockchain to become fully decentralized and self-governing. If the governance measure is successfully ratified, Cardano will usher in a new era of decentralized governance.
Exchanges and decentralized applications indicate readiness
The Cardano community is closely monitoring the progress of governance procedures as well as the preparation for the Bloomin upgrade. In this regard, Intersect's latest update provides information about the readiness of decentralized applications and exchanges, identifying the dapps and exchanges that have indicated their readiness to perform a hard fork.
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Intersect lists the first tranche of dApps that have submitted pull requests to the knowledge base and certified their readiness for the Plomin hard fork to include Danogo, Fluid Tokens, Genius Yield, Minswap, Snekdotfun, Splash, Summon, Tempo, and Wanchain.
Exchanges including Bitrue, CEX.IO, Coinbase, Crypto.com, Gate.io, Kraken, OKX, and Upbit have also signaled their willingness.
As of the January 6 update on the Plomin upgrade, 79% of SPOs are currently producing blocks on Node version 10. Two hundred and thirteen (213) SPOs cast their votes, with 209 voting 'yes' to the promotion, representing 17%. Of the share. For Bloomin to pass, at least 51% of the quota must vote “yes”. The governance procedure for the Plomin hard fork will expire on January 29.
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