Cardano (ADA) Set to Launch Chang Hard Fork with Major Network Upgrades
Cardano (ADA) is poised to launch the highly anticipated Chang hard fork as over 70% of nodes have signaled readiness for the new version. This milestone suggests that the fork, which aims to enhance decentralization and coordination among nodes, may be announced soon. The Chang hard fork is a significant update for Cardano, targeting improvements in network decentralization without central oversight. It will rely on nodes running version 9.1.0, and its success hinges on broader node adoption. While several exchanges have updated their nodes, the community is still awaiting upgrades from major services like Coinbase and Binance. In the second phase of the Chang hard fork, Cardano will introduce a new governance model proposed by the Intersect organization, including a seven-member interim constitutional committee with community representatives. This phase will also enable ADA holders to participate in governance more actively, moving beyond simple staking to proposing and voting on future…
- August 11, 2024
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- 7 days ago
Cardano (ADA) is poised to launch the highly anticipated Chang hard fork as over 70% of nodes have signaled readiness for the new version.
This milestone suggests that the fork, which aims to enhance decentralization and coordination among nodes, may be announced soon.
The Chang hard fork is a significant update for Cardano, targeting improvements in network decentralization without central oversight. It will rely on nodes running version 9.1.0, and its success hinges on broader node adoption.
While several exchanges have updated their nodes, the community is still awaiting upgrades from major services like Coinbase and Binance.
In the second phase of the Chang hard fork, Cardano will introduce a new governance model proposed by the Intersect organization, including a seven-member interim constitutional committee with community representatives.
This phase will also enable ADA holders to participate in governance more actively, moving beyond simple staking to proposing and voting on future changes.
Charles Hoskinson, Cardano’s creator, continues to develop the project with a vision of a decentralized network that eventually drafts its own constitution.
The network’s total supply is capped at 45 billion ADA, with a 1 billion ADA treasury to be allocated based on community votes, aiming to balance out any potential dilution effects.
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