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Cardano plans transition to ‘full decentralized governance’ after Wednesday’s Plomin hard fork

The Plomin hard fork signifies Cardano’s move towards decentralized governance. At least 85% of stake pools have upgraded their nodes, and over 51% of operators supported the initiative.

With this upgrade, ADA holders can participate in governance actions such as treasury withdrawals and hard forks. The introduction of decentralized representatives (DRep) is a key feature of this transition.

The governance changes were confirmed constitutional and submitted on December 20. ADA currently trades at approximately 0.91 USD, experiencing a decline of over 5% within 24 hours.

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