Cardano Hard Fork Chang: Everything You Need to Know

Cardano's Chang Hard Fork brings improved scalability, decentralization, and community governance, strengthening the network into the Voltaire era.

Impact of Cardano's Chang Hard Fork

<img src="https://static.bittime.com/cms-static/upload/Impact_of_Cardano_s_Chang_Hard_Fork_58481dba5c.webp" alt="Impact of Cardano's Chang Hard Fork.webp" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Chang's Hard Fork on the Cardano network is one of the most significant updates in the history of the project.&nbsp;Launched as part of Cardano's roadmap, the Chang Hard Fork brings major changes that will impact the network and community as a whole. Here are some of the main impacts of this Hard Fork.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Increased Scalability and Transaction Speed</h2>The Chang Hard Fork is expected to increase the transaction per second (TPS) capacity on the Cardano network.&nbsp;With this increase in scalability, the Cardano network will be able to handle more transactions simultaneously, thereby reducing transaction times and fees charged to users.&nbsp;This is an important step in overcoming the scalability challenges that large blockchain platforms often face.<h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Increased Decentralization</h2>One of the main goals of Hard Fork Chang is to strengthen its community-based governance structure.&nbsp;By introducing more advanced governance features, this Hard Fork allows ADA holders to directly participate in decision-making processes related to network development.&nbsp;This increases network decentralization, which in turn can improve overall system security and stability.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Launch of the Voltaire Era</h2>The Chang Hard Fork marks the start of the Voltaire era in Cardano's roadmap. This era aims to make Cardano a network that is completely independent and managed by its community.&nbsp;With the new governance features introduced by the Chang Hard Fork, Cardano is getting closer to achieving this vision, where ADA holders can propose and vote on major changes to the network.<h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Impact on ADA Users and Stakers</h2>For ADA holders who stake, the Chang Hard Fork brings new opportunities to increase staking rewards. As network performance and scalability improve, staking rewards are expected to increase over time.&nbsp;Additionally, greater decentralization is also expected to reduce the risks associated with staking in a single pool, providing more security for stakers.<h2 style="line-height:1.38;margin-bottom:2pt;margin-top:12pt;text-align:justify;" dir="ltr">Preparing for a More Decentralized Future</h2>With the launch of the Chang Hard Fork, Cardano strengthens its position as one of the most advanced blockchain platforms available today.&nbsp;These improvements not only impact the technical performance of the network, but also how the Cardano community and ecosystem functions.&nbsp;This paves the way for further innovation and prepares Cardano to become a truly decentralized and sustainable system in the future.The Chang Hard Fork is an important milestone for Cardano, bringing major updates that will shape the future of the network. With a focus on decentralization, performance improvements, and community engagement, Cardano shows its commitment to continuing to grow and meet the needs of its users<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a><meta charset="utf-8">You can buy and sell crypto assets in an easy and safe way via&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Learn<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy"> How to Buy Crypto on Bittime</a>.Monitor price chart movements of&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC">Bitcoin (BTC)</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL"> Solana (SOL)</a> and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Impact of Cardano's Chang Hard Fork.webp

Impact of Cardano's Chang Hard Fork.webp

Cardano Chang Hard Fork officially launches, giving full power to the community. However, ADA price dropped almost 3% post launch.

Cardano Chang Hard Fork Officially Launches, Here's ADA Price Reaction

<img src="https://static.bittime.com/cms-static/upload/Cardano_Chang_Hard_Fork_Officially_Launches_Here_s_ADA_Price_Reaction_8f52caf77b.webp" alt="Cardano Chang Hard Fork Officially Launches, Here's ADA Price Reaction.webp" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Cardano has finally launched its long-awaited hard fork, the Chang Hard Fork.&nbsp;This development takes the Cardano blockchain to a higher level of decentralization, where the community now has the power to make decisions regarding the network.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/airdrop/DOGS?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/dogs_airdrop_2_504a0011ab.webp" alt="dogs airdrop 2.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:14pt;text-align:justify;" dir="ltr">What is Chang Hard Fork?</h2>The Chang Hard Fork is a major step in the evolution of Cardano, named “Chang” in honor of Phil Inje Chang, the visionary behind Voltaire at IOHK.&nbsp;With this hard fork, Cardano's new governance model was introduced, removing the power of the Cardano Foundation, Input Output Global (IOHK), and Emurgo to exclusively decide about the implementation of a hard fork or other major upgrades.&nbsp;Instead, that power is now in the hands of the ADA community.Read Also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/daily-combo-hamster-kombat-2-september-2024">Daily Combo Hamster Kombat 2 September 2024</a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:14pt;text-align:justify;" dir="ltr">ADA Price Reaction Post Hard Fork Launch</h2>Although the Chang Hard Fork is considered an important milestone for Cardano, ADA price did not show any significant increase. According to CoinGecko data, the price of ADA actually fell by almost 3% in the 24 hours after the launch of this hard fork.&nbsp;This phenomenon is often referred to as “sell-the-news,” where investors sell assets after big news is released, resulting in a drop in price.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/register?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/Banner_2_988b13eca2.webp" alt="Banner 2" width="1999" height="415"></a><h2 style="line-height:1.38;margin-bottom:10pt;margin-top:14pt;text-align:justify;" dir="ltr">Hard Fork Implementation Stages</h2>Implementation of the Chang Hard Fork is carried out in two phases. The first phase, which is already underway, introduces a constitutional committee tasked with overseeing the governance transition.&nbsp;The second phase will be launched in approximately 90 days, which will see the full implementation of the new governance body.<h2 style="line-height:1.38;margin-bottom:10pt;margin-top:14pt;text-align:justify;" dir="ltr">Conclusion</h2>Although the Chang Hard Fork was a huge achievement for Cardano and gave more power to the community, the market reaction saw a decline in ADA prices.&nbsp;This shows that while technology and decentralization are important, market sentiment and overall conditions also have a major influence on crypto asset prices.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a><meta charset="utf-8">You can buy and sell crypto assets in an easy and safe way via&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a>, make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application.&nbsp;Learn<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy"> How to Buy Crypto on Bittime</a>.Monitor price chart movements of&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC">Bitcoin (BTC)</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL"> Solana (SOL)</a> and other cryptos to find out today's crypto market trends in real-time on Bittime.

thumbnail_Cardano Chang Hard Fork Officially Launches, Here's ADA Price Reaction.webp

Cardano Chang Hard Fork Officially Launches, Here's ADA Price Reaction.webp

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.

<img src="https://static.bittime.com/cms-static/upload/Cardano_Hard_Fork_Chang_Everything_You_Need_to_Know_7b89c7dffd.webp" alt="Cardano Hard Fork Chang: Everything You Need to Know" width="2048" height="1152"><meta charset="utf-8"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/en?cn=400001">Bittime</a> -&nbsp;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!<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/airdrop/DOGS?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/dogs_airdrop_2_504a0011ab.webp" alt="dogs airdrop 2.webp" width="2985" height="620"></a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">What is Cardano Hard Fork Chang?</h2>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.<h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">Cardano Transitions to Bootstrap Phase</h2>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.&nbsp;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:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/mengenal-gigacat-gcat-tokenomic-dan-roadmap">Getting to know Gigacat (GCAT): Tokenomics and its Roadmap</a><h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">Chang Hard Fork Potentially Exits Technical Bootstrapping Phase</h2>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.<h2 style="line-height:1.7999999999999998;margin-bottom:10pt;margin-top:18pt;text-align:justify;" dir="ltr">Conclusion</h2>By introducing the CIP-1694 framework for on-chain distribution management, Chang's Hard Fork marks a shift from Cardano to the Voltaire era.&nbsp;During the technical bootstrapping phase, the establishment of an Interim Constitution and an Interim Constitutional Committee (ICC) is necessary.&nbsp;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).<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=news&amp;cn=400001">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001"> of&nbsp;Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.