Logo
Cardano Ecosystem

The Crypto Times

07/26/2024

·

295 views


Cardano Prepares for Chang Hard Fork with New Validator Node

Cardano is preparing for the Chang hard fork with the release of Node 9.1.0, the latest version of its validator node software, building on the previous update from July 8, 2024. Currently, 11% of validators...

Cardano Prepares for Chang Hard Fork with New Validator Node
Cardano Prepares for Chang Hard Fork with New Validator Node

Cardano is preparing for the Chang hard fork with the release of Node 9.1.0, the latest version of its validator node software, building on the previous update from July 8, 2024.

Currently, 11% of validators have already started using the new software, though updates to scripts and tools are still underway. The Intersect Cardano user group has called this development a “major change” for the Cardano network.

According to Intersect, “This release signifies the completion of primary development work for the bootstrap phase of on-chain governance. This milestone marks the installation of the core elements of decentralized governance, rolled out across two distinct phases.”

The Chang hard fork will introduce new governance features to the blockchain, such as a constitutional committee and delegate representatives. This will give Ada coin holders and stake pool operators a more direct role in governance, allowing for proposals and votes directly on the blockchain.

This update follows earlier successful hard forks like Vasil and Alonzo, which improved network performance and smart contract functionality. The Chang hard fork is expected to be the final planned phase for Cardano, transitioning governance from Input-Output Hong Kong to the community.

With a market cap of $14 billion, This new upgrade towards decentralized governance is drawing significant attention from the crypto space. The successful execution of the Chang hard fork could set a new benchmark for blockchain governance in the evolving digital asset space.



Iyiola is an experienced crypto writer specializing in simplifying complex blockchain and cryptocurrency topics for a broad audience. With expertise in ICOs, DeFi, NFTs, and regulatory updates, he offers valuable insights to help readers make informed decisions. He is proficient in SEO optimization.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on The Crypto Times

ORIGINAL SOURCE

https://www.cryptotimes.io/2024/07/26/ca...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from The Crypto Times

See more
Ford Joins Cardano-Based Legal Tech Pilot with Iagon & Cloud Court
The Crypto Times
Ford Joins Cardano-Based Legal Tech Pilot with Iagon & Cloud Court

06/19/2025

·

138 views

Related News

See more
Banner-Tech-Summit-Rio

Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)