Cardano's blockchain, which uses a proof-of-stake consensus mechanism, will transition to decentralized governance through the Plomin hard fork. After the fork, ADA token holders will have real voting power over various aspects of the network, such as parameter changes, treasury withdrawals, hard forks, and the blockchain's future. This development is seen as a significant milestone in blockchain governance. The ADA token price was at 93 cents, experiencing a 1.4% increase at the time of the news. Stake Pool Operators are required to upgrade their nodes and approve the upgrade with a 51% vote, with nearly 80% of nodes already upgraded.



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