Intersect, an organization active within the Cardano ecosystem, has issued an update on the Van Rossem hard fork via social media. The announcement emphasized that the upgrade process continues robustly across node development, infrastructure, and general ecosystem coordination.
Node upgrade details and deployment
At the heart of the Van Rossem upgrade is Node version 11, a key release designed for Cardano’s mainnet. Initially rolled out in test environments at the start of May, Node 11 underwent early testing on May 8 and has now been updated to v11.0.1, which is available to all mainnet users. Intersect highlighted that this new version is fully equipped and ready to enable the upcoming hard fork on the network.
Stakeholders across the Cardano ecosystem are being urged to promptly update their existing node software to version v11.0.1. The main driver for this urgency is that the previous version, v10.7.1, will become incompatible with Protocol 11.0 and will not be able to function once the transition occurs. Technical information released so far suggests that the changes between the two versions are minor, minimizing the risk of disruption during integration.
Plutus upgrade and protocol parameter changes
Intersect’s report also notes that there is a key update to Plutus, Cardano’s smart contract platform. Specifically, an updated cost model has now reached the PreProd (pre-production) phase. This protocol adjustment is scheduled for approval on May 16 and, assuming it passes, implementation is targeted for May 21.
ADA price and technical analysis
Latest figures show that ADA, Cardano’s native token, has fallen 2.18% in the past 24 hours, trading at $0.278. On the other hand, the weekly trend is up, as ADA posted gains of 11.88% over the past seven days. CryptoAppsy figures reveal that ADA continues to trade within a narrow band between $0.22 and $0.31, signaling stable supply-demand dynamics in the market.
The $0.25 level remains a key resistance point. Technical indicators such as the RSI are currently in positive territory, hinting at a buying advantage. If the price can stay above its current level and the 50-day moving average (now at $0.252), buyers may push ADA towards the $0.30 and $0.31 targets in the near term.
Conversely, if ADA drops below the 50-day moving average, it could indicate a loss of buyer momentum and potentially lead the price back down to support at $0.22.
Intersect stated in its announcement that participants must upgrade their node software to v11.0.1 in order to continue operating on the ecosystem’s infrastructure after the Van Rossem update, as version v10.7.1 will not be able to surpass the protocol threshold.
The transition to Node v11.0.1 is positioned as critical for all participants within the Cardano ecosystem, as failure to upgrade could result in active nodes becoming obsolete almost immediately after Protocol 11.0 goes live.
The update also reflects Cardano’s ongoing commitment to incremental but significant improvements, notably within its smart contract capability via Plutus. The PreProd phase for the Plutus cost model change signals a careful, cautious approach to major protocol upgrades.
Stakeholders, including infrastructure providers and developers, are expected to complete their upgrades well ahead of the planned protocol activation dates. This is intended to prevent any service interruptions or compatibility issues across the broader ecosystem.
In summary, the Cardano community is entering a decisive phase, with both technical upgrades and price movements developing in parallel. Upgrading to v11.0.1 is presented not just as a technical necessity, but as an essential step for those seeking to maintain participation in Cardano’s future growth.
