Cardano Prepares for Major Upgrade: Chang Hard Fork Scheduled for September

Cardano is advancing toward a significant milestone with the announcement of the Chang hard fork date. Intersect, a key organization within the Cardano community, has confirmed that the hard fork working group has reached a consensus, setting Sept. 1, 2024, as the official date for the upgrade. This marks a pivotal moment in Cardano’s evolution, especially as the network moves closer to achieving community-driven governance.

The hard fork working group has reached consensus & agreed to upgrade mainnet on September 1st 2024!
A big thank you to all the work across the ecosystem – getting #ReadyforChang has been a huge community effort.
Join us for a special X Space as we cross the epoch boundary ⬇️ pic.twitter.com/8T8ti0tWFo
— Intersect (@IntersectMBO) August 28, 2024

Consensus and Timeline Adjustment

On Aug. 23, the hard fork Working Group convened and agreed to target Sept. 1 for the Chang upgrade. Initially, the mainnet hard fork was slated for Aug. 27. However, following a critical go/no-go call with the working group, the decision was made to postpone the hard fork to Sept. 1. This brief delay allows exchanges and decentralized applications (dApps) additional time to implement the necessary adjustments.

As a result, the ecosystem will be better prepared for this significant transition in Cardano’s journey. The Chang hard fork represents a major step forward in Cardano’s ongoing development and maturation. By introducing on-chain governance, the upgrade brings Cardano closer to fulfilling the goals of its final roadmap phase, known as Voltaire. This phase is crucial for Cardano as it aims to achieve long-term self-sustainability through democratic decision-making led by its stakeholders. The introduction of on-chain governance is a testament to the community’s dedication to decentralized and transparent governance.

Ongoing Testing and Regional Partnerships

Meanwhile, testing continues on SanchoNet, a testnet launched in Q3 2023. SanchoNet serves as a sandbox for testing and refining the processes and tools necessary for Cardano’s on-chain governance.

Additionally, Cardano has formalized several strategic partnerships in Argentina, including collaborations with the province of Entre Rios, the University of Buenos Aires, and the Universidad Tecnológica Nacional (UTN). These partnerships aim to enhance Cardano education in the region and explore the potential for utilizing the network in Argentinian use cases.

With these developments, Cardano is not only solidifying its technological foundation but also expanding its global reach, laying the groundwork for a future where decentralized governance and blockchain technology play a crucial role in various sectors worldwide.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.