The Intersect, a member based organization of Cardano, has just revealed Plan 529, a crucial step toward the upcoming Plomin hard fork upgrade.
However, the main purpose of this initiative is to allow preparatory activities for a large governance action on the Cardano mainnet to be as streamlined as possible.
Previously known as the Chang 2 hard fork, the Plomin hard fork is named in the memory of Matthew Plomin, a main community member and cofounder of the Cardano USDM stablecoin, who sadly passed away in November. The governance action tied to the upgrade is expected to be raised during epoch 529, commencing on December 20, 2024, at 9:44 p.m. UTC.
Cardano Confirms Plan 529 for Smooth Governance Action Execution
At Intersect, we’d like to confirm that, following the recent closing of a hard fork working group conclusion process to put the pieces of a governance action into place properly, the conditions have been reached for that governance action to be properly proposed.
Early signaling gives the Cardano community enough time for final preparations, and enable a smooth transition with low delay from submission of the action to its execution. As Plomin hard fork’s earliest date is separated by one year away January 4, 2025 it ensures some extra preparations time avoiding the festive season disruptions.
The bootstrap governance rules are also expected to be ratified by the Intersect Community Council (ICC) and Stake Pool Operators (SPOs), with closing by 29 January 2025. Intersect also informed the community of a minor node update, version 10.1.3 to fix Issue #4772.
The network update is in line with efforts to optimize the network for the upcoming upgrade. Cardano signalizes its approach to Plan 529 for which it is striving to make Plomin hard fork upgrade inclusive and transparent.
