Cardano Launches Chang Hard Fork, New Era of Governance Begins

Bittime – Cardano (ADA) blockchain is back in the spotlight after co-founder Charles Hoskinson announced the launch Chang Hard Fork. This announcement ends weeks of speculation.

Chang Hard Fork: Towards the Age of Voltaire

The Chang Hard Fork is an integral part of Cardano's Roadmap which is divided into five eras: Byron, Shelley, Goguen, Basho, and Voltaire. The current era, Voltaire, focuses on governance. The launch of the Chang Hard Fork marked the beginning of that era.

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The Cardano team explained that the Chang Hard Fork played an important role in Cardano's governance transformation. This transformation will be realized through a constitutional system that includes on-chain voting and democratic voting rights for ADA holders.

Chang Hard Fork Launch Date Announced

After a long wait, there is finally certainty regarding Chang's launch date. Hoskinson officially announced that Chang would be activated on July 16, 2024.

Through a live broadcast on his official channel, Hoskinson stated, "Node 9.0.0: Chang Hard Fork is ready to be activated." He then added, "Once we reach the threshold of 70% of SPOs (Stake Pool Operators) running updates, we will enter the hard fork era."

Cardano Community Now Participates in Governance

The Chang Hard Fork signals a new era where the ADA community will have a voice in decision-making. They can participate in voting regarding budget allocations and other activities within the Cardano ecosystem.

Based on the current interim constitution, Cardano leaders will prepare for a constitutional convention in Argentina at the end of the year. This convention is expected to produce a permanent constitution that will regulate the governance of Cardano.

Charles Hoskinson's New Role

In this new governance structure, Charles Hoskinson will no longer be directly involved as an on-chain leader. However, he remains an integral part of the Cardano development team.

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Chang Hard Fork Contribution to Cardano Ecosystem

The main goal of Chang Hard Fork is to introduce a community-centered governance model. The implementation of this model is expected to realize full decentralization for the Cardano blockchain.

On-chain voting will be the main instrument in decision making. This will ensure a transparent and verified process.

Why is the Chang Hard Fork Important?

The launch of the Chang Hard Fork is a very significant development in the blockchain space. Decentralized governance is at the heart of blockchain technology, and Cardano's new model seeks to make that a reality.

The success of this model has the potential to set a precedent in the blockchain industry. This could be an example of how to avoid the problems arising from centralized governance, which blockchain technology has been trying to overcome.

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