Cardano is executing a “silent reset” after a critical ledger error nearly fractured the network in November

Cardano is undergoing a "silent reset" involving a technical upgrade, Protocol Version 11, which is a low-disruption hard fork designed to enhance ledger resilience following a chain split caused by a malformed transaction in November. This upgrade introduces performance improvements, including support for BLS12-381 multiplication crucial for zero-knowledge proofs, potentially lowering complex transaction costs. Concurrently, founder Charles Hoskinson is leading a major organizational restructuring to consolidate Cardano's five main entities (the Foundation, Emurgo, IOG, Midnight Foundation, and Intersect) into a unified executive body called the "Pentad." This move aims to inject commercial discipline, provide a unified voice, and coordinate strategy to boost lagging metrics like Total Value Locked (TVL) by focusing on supporting key decentralized applications and establishing performance-based KPIs linked to future budgets.

(Source：CryptoSlate)