The CIP-69 Improvement Proposal will be included in Cardano's upcoming Chang upgrade.
CIP-69, “Script Signature Unification,” is an improvement proposal that seeks to make it easier for developers to create decentralized applications (DApps) on the blockchain by unifying the arguments given to all currently available Plutus script types and removing the datum argument, which is commonly linked to the validator lock. With this, the improvement proposal seeks to provide a more versatile use of a single script, in order to make development within the network more efficient for developers.
According to the Cardano Foundation, this improvement proposal addresses one of the main development limitations existing in the blockchain, the problem of mutual dependenceThis problem, according to the Foundation, has constituted a substantial barrier to the creation of secure protocols and has considerably limited the design space within the network.
However, proposed changes CIP-69 provides a “very elegant” solution to the problem of mutual dependence of validators on the network, which will speed up the experience of developing on the Cardano network.
CIP-69 is included in Chang
Due to the importance of the CIP-69 improvement proposal for Cardano, Charles Hoskinson, founder of the blockchain network and CEO of Input Output Global, said that the proposal will be included in the next blockchain upgrade, Chang, which was scheduled to be implemented at the end of June.
On his X account, Hoskinson detailed that feedback from the community and the Cardano Foundation itself influenced the decision to include CIP-69 in Chang. “There seems to be a lot of demand from the community, and the CF has also been pushing for CIP-69 to be included in Chang,” Hoskinson wrote.
The last-minute integration of CIP-69 into Chang does mean a slight delay for the blockchain network's upcoming hard fork. Hoskinson explained that unplanned changes to the roadmap will always be disruptive and introduce additional risk. That said, assured that Cardano development teams will find a way to implement CIP-69 in the Chang upgrade.
Cardano moves towards decentralized governance
Cardano is preparing to decentralize network governance as part of its upcoming Chang upgrade. In addition to CIP-69, the hard fork also includes the CIP-1694 improvement proposal, which kicks off the Voltaire era, necessary for the blockchain to become “a self-sustaining system.”
Cardano's development has been divided into several eras, focused on implementing specific blockchain functionalities such as smart contracts, scalability, and decentralization.
The Cardano Foundation explained that the network, which is built with a scientific approach to peer review, is under its oversight and development and that it has so far acted as a custodian. However, once the network is fully decentralized, then it will “belong to the community,” and It will be the community itself that decides on the future of the blockchain through advanced governance features.
Through Voltaire, Cardano will introduce this new onchain governance model, which will give a voice to the community of ADA holders, the network's native cryptocurrency, in decision-making related to development, adjustments and treasury management, among other functions.
On the Cardano forum, Nicolas Cerny, one of the developers of the Cardano Foundation, wrote that the arrival of Voltaire will transform the current governance system of the network into a much more inclusive and equitable model.
Despite its constant development, Cardano price has had an unattractive performance over the past year, reflecting an increase of only 17%, since May 2023. In the past month, the price of ADA has corrected more than 5%, trading at around $0,43, at the time of writing.
