Cardano Ready to Transform with Chang Hard Fork

Bittime – Cardano is now entering the Voltaire era, the final stage of the blockchain development roadmap. The Voltaire Era marks Cardano's transformation into a fully decentralized network. Through the concept of community governance, all network stakeholders, namely anyone holding ADA tokens, can help determine the direction of Cardano's future development.

Getting to know Chang Hard Fork

Chang was the first hard fork of the Voltaire era. This hard fork introduces the concept of minimum-viable community-run governance to the Cardano blockchain. This concept enables on-chain community consensus (on a blockchain network) governed by a constitution.

This means that all Cardano stakeholders (ADA holders) can participate in determining the direction of network development. Chang Hard Fork is the first step to start the bootstrapping process (initial preparation) of Cardano governance throughout 2024.

Benefits of Chang Hard Fork for Networks and Users

• Introducing Delegate Representatives (DReps): An important feature for the future of Cardano community governance. DReps act like elected representatives, but users delegate their ADAs instead of voting through the ballot box. Applications to become DReps are expected to open in the second quarter of 2024.

• Facilitating the Cardano Constitutional Convention: An event that will gather all governance representatives – selected from various workshops held around the world throughout 2024 – in Buenos Aires to draft the first draft of the Cardano Constitution. This document will be the basis for Cardano community governance.

• Open Voting Opportunities: To close out 2024, the Cardano community will vote to ratify or reject the first draft of the Cardano Constitution. If ratified, the Cardano Constitution will become the foundation of the decentralized community governance processes and mechanisms that will determine the direction of Cardano blockchain development.

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Chang Hard Fork: An Important Milestone Towards Cardano's Future

The Chang Hard Fork can be said to be the culmination of Cardano's years of development efforts. The implementation of this hard fork marks an important step towards full decentralization, where the ADA community will assume control over the development direction of the Cardano blockchain.

If you haven't participated in any of the CIP-1694 discussions or governance workshops, there's still a chance. The Constitution Global Workshop Series will be held throughout 2024. Visit the website of Intersect, an organization focused on community governance, to learn more about how you can participate.

Conclusion

The launch of the Chang Hard Fork is an important milestone for Cardano. With decentralization of governance becoming more of a reality, Cardano is increasingly poised to achieve its vision as an innovative and inclusive blockchain platform.

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