#fork

Cardano’s blockchain successfully completed the Chang hard fork, introducing decentralized governance and improving smart contract capabilities. ADA token holders now wield the power to shape the project’s future by electing representatives and voting on various development initiatives.

The Cosmos HUB community recently voted on a proposal to reduce the maximum inflation rate of its native token, Atom, from 14% to 10%. The voting concluded with 41.1% in support and 31.9% against the proposal.

Decentralized crypto exchange PancakeSwap intends to open source its code. This will allow external developers to either fork the code or use it to develop new applications on various blockchains, exclusively through a specialized affiliate program.

The price of the AR token, belonging to the Arweave decentralized data storage platform, fell by 13% amid speculation about a potential hard fork. Sam Williams, the founder of the platform, indicated that data storage solutions provider Irys is contemplating a network reset.

Ameen Soleimani, one of the first contributors to the scandalous Tornado Cash crypto mixer, has announced the launch of a new mixing service called Primacy Pools, which is based on the TC code. Now, every hacker and criminal will have a chance to demonstrate that they are not engaging in any malicious activity (but not for sure). What is clear is that honest users will be able to prove that they have not committed fraud and are therefore legitimately using the privacy-enhancing service. Predictably, the new service uses zero-knowledge proof, which is the main trend of 2023. It is a protocol that confirms information without disclosing it. Your move, SEC!

Ethereum supporters are looking forward to the upcoming crypto spring. Another network update, dubbed Shanghai Fork, is scheduled for March. Shanghai Fork will allow users to access the funds locked into the Ethereum Beacon Chain. Depositors will be able to participate in validating transactions and earn newly-created Ethereum. J.P. Morgan believes Shanghai Fork will be a pleasant surprise for Coinbase as well. It estimates that up to 95% of retail investors of this crypto exchange will be able to participate in Ethereum staking after the update. The matter is that Coinbase may get additional revenue of about $225-$545 million per year.