The Cardano network has completed the Plomin hard fork, which introduces on-chain governance. The main development brought by the hard fork is the implementation of Delegate Representatives (dReps) who will vote on governance matters on behalf of ADA holders. ADA holders will continue to accumulate staking rewards but may need to transfer their ADA voting powers to a dRep or predetermined voting option in order to withdraw them. Intersect, a member-based organization for the Cardano ecosystem, urges caution and offers guidelines to protect ADA holders when delegating. They advise against sharing wallet seed phrases or private keys and recommend using official sources and verifying URLs and platforms. ADA holders should also be cautious of scams. Registering a wallet or becoming a dRep incurs a deposit fee.



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