Cardano Hard Fork Chang: Everything You Need to Know

Bittime - Discover how the Chang Hard Fork marks Cardano's transition to the Voltaire era with an on-chain distributed management framework based on CIP-1694. This article discusses it in full. Here's the description!

What is Cardano Hard Fork Chang?

Five eras describe the evolution of the Cardano network including: Byron (foundation), Shelley (decentralization), Goguen (smart contracts), Basho (scaling), and Voltaire (governance).

Cardano enters the Voltaire era. In this era, the existing delegation and staking processes will allow stakeholders and network participants to present and vote on the Cardano Improvement Proposal (CIP).

The goal of the chang hard fork is to implement a distributed management framework on-chain. Which incorporates a minimum community-run management structure as outlined in CIP-1694 and provides the Cardano community with network maintenance.

Cardano Transitions to Bootstrap Phase

The first part will mark Cardano's transition to the technical bootstrapping phase. To achieve this goal, it will be necessary to establish an Interim Constitutional Committee (ICC) and an Interim Constitution for Cardano. 

The temporary constitution serves as the basis for Cardano's transition during the hard fork. As an interim governance body, the ICC will maintain the constitution and have voting and veto rights for its first on-chain governance actions.

Read Also: Getting to know Gigacat (GCAT): Tokenomics and its Roadmap

Chang Hard Fork Potentially Exits Technical Bootstrapping Phase

By introducing governing bodies such as Delegated Representatives (DReps) and stake pool operators (SPOs), as well as community-managed treasury withdrawals, the second part of the chang hard fork will allow the network to exit the technical bootstrapping phase.

Conclusion

By introducing the CIP-1694 framework for on-chain distribution management, Chang's Hard Fork marks a shift from Cardano to the Voltaire era. 

During the technical bootstrapping phase, the establishment of an Interim Constitution and an Interim Constitutional Committee (ICC) is necessary. 

Facilitating Cardano's transition from the technical phase to more decentralized community governance, the second part will introduce Delegated Representatives (DReps) and stake pool operators (SPOs).

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