Cardano Nears Decentralization with Chang Hard Fork

Plus, Marathon Digital Doubles Down on Bitcoin

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Global Hive Buzz
July 26, 2024

Cardano Nears Decentralization with Chang Hard Fork

Cardano is one step closer to full decentralization. The recent release of Node 9.1.0 brings the network closer to the highly anticipated Chang hard fork. This upgrade is a crucial step towards the Voltaire era, introducing on-chain governance.

The new node software includes preparations for the hard fork and addresses several technical issues. Once 70% of Cardano's validators have adopted Node 9.1.0, the Chang hard fork can be activated.

This is a significant milestone for Cardano as it transitions from a centralized to a fully community-governed blockchain.

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Marathon Digital Doubles Down on Bitcoin

Bitcoin mining giant, Marathon Digital, has made a significant move by purchasing $100 million worth of Bitcoin. This acquisition brings the company's total Bitcoin holdings to over 20,000 BTC, solidifying its position as the second-largest public Bitcoin holder.

In a strategic shift, Marathon has announced it will now hold onto all Bitcoin it mines and acquires. This "hodl" strategy reflects the company's strong belief in Bitcoin's long-term value as a store of wealth.

Marathon's CEO, Fried Thiel, and MicroStrategy's Michael Saylor have both publicly endorsed Bitcoin as a strategic asset for corporations and governments. This latest move by Marathon further underscores the growing institutional interest in Bitcoin.

Crypto Market Takes a Dip

The cryptocurrency market experienced a downturn yesterday, with Ether leading the decline. The second-largest cryptocurrency fell by nearly 8%, while Bitcoin dipped by over 2.5%.

Experts attribute this market correction to a combination of factors, including the ongoing impact of Mt. Gox repayments and recent macroeconomic developments. Additionally, the initial enthusiasm surrounding the approval of spot Bitcoin ETFs may be cooling down as investors lock in profits.

As the market continues to evolve, it's essential for investors to remain cautious and informed about the latest trends.

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