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Cardano completes the first fully on-chain governance hard fork in network history

On July 18, 2026, at 21:44:51 UTC, Cardano activated the Van Rossem hard fork, upgrading the network to protocol version 11, with no reported downtime. This upgrade is part of the changes within the Conway ledger era, aimed at reducing the operating costs of Plutus smart contracts, enhancing ledger security, and introducing new cryptographic tools.Van Rossem includes 5 Cardano Improvement Proposals, involving BLS12-381 multi-scalar multiplication, on-chain array types, optimization of multi-asset value processing, acceleration of list operations, and built-in modular exponentiation. Staking pools are now prohibited from reusing the same verifiable random function key across the entire network; each pool must hold a unique key bound to its identity.This upgrade was completed through the Cardano on-chain governance process, with the proposal to activation advanced by on-chain voting. Delegated representatives passed the proposal with a support rate of 77.63%, while the support rate among staking pool operators was 52.7%, and the constitutional committee's voting result was 6-0-0-1. Wallets holding between 100,000 and 100 million ADA saw their total balance rise to the highest level since 2023, currently controlling over a quarter of the circulating supply of ADA. Cardano will subsequently advance Ouroboros Leios and plans to achieve a target of over 1,000 transactions per second during the testing period in 2026.

Former Mt. Gox CEO proposes Bitcoin hard fork to recover $5.2 billion in stolen assets

The former CEO of the collapsed exchange Mt. Gox, Mark Karpelès, recently proposed a Bitcoin hard fork plan, suggesting to modify the consensus rules to recover approximately 79,956 BTC stolen in the 2011 hacking incident, which is valued at about 5.2 billion dollars at current prices.The proposal targets a wallet address associated with the 2011 Mt. Gox system breach, which received nearly 80,000 bitcoins after the hack and has remained unused for over 15 years. Currently, under existing Bitcoin rules, these funds can only be transferred if the corresponding private key is held. According to the proposal, the new rules would allow the unspent outputs in that address to be controlled through signatures from the Mt. Gox recovery address, thereby incorporating the funds into the existing judicial oversight compensation process for repaying Mt. Gox creditors.Karpelès stated that the plan is merely a starting point for discussion, intending to limit the rule modification to a single address and activate it at a specific block height in the future. However, the proposal also acknowledges that this plan requires coordinated upgrades across the entire network, and if some community members refuse to support it, it could lead to the risk of a blockchain split. It is important to note that these approximately 80,000 BTC are currently not part of the assets allocated to Mt. Gox creditors and are not under the control of the bankruptcy trustee.
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