Cardano’s Long-Awaited Chang Hard Fork Upgrade Scheduled for September 1st - The Daily Hodl
A date has been set for the Cardano (ADA) blockchain to go ahead with its long-awaited Chang hard fork. In a post on the social media platform X, the Cardano Community says that the Chang upgrade will move...
A date has been set for the Cardano (ADA) blockchain to go ahead with its long-awaited Chang hard fork.
In a post on the social media platform X, the Cardano Community says that the Chang upgrade will move forward on September 1st.
The blockchain’s community leaders, the Cardano Foundation, development firm Input Output Global and others all unanimously agreed to initiate Chang 1 onto the Cardano mainnet, according to Intersect, a member-based organization for the Cardano ecosystem.
The first Chang upgrade will introduce governance features on Cardano, enabling decentralized voting and various other governance processes. Chang Upgrade 2 is expected to unlock more on-chain governance features such as treasury withdrawals and delegated representative participation.
Says Cardano creator Charles Hoskinson,
“It’s the most significant milestone in the history of Cardano and for the industry as a whole. Cardano will be a decentralized civilization spanning the entire world with millions of residents. We’ll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us.”
Following the implementation of the Chang hard fork, Cardano will then move into the final stage of its roadmap, the Voltaire phase, which establishes the network’s governance system.
At time of writing, ADA is trading at $0.358.
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