Published on juni 10, 2024, 1:35 pm
Image source: Fox News
```json [ { "TLDR": "Cardano reaches a significant milestone with the Chang hard fork, introducing community-driven governance and on-chain consensus. The upgrade signals a move towards the Age of Voltaire, enabling ADA holders to actively participate in decision-making. Despite market fluctuations and ADA's decline in value, the future looks promising for Cardano with advanced blockchain governance systems anticipated post-Chang implementation." } ] ```
Chang marks a significant milestone for Cardano as it initiates the first hard fork in the final era of its roadmap. This upgrade brings community-driven governance and on-chain consensus to the forefront. Charles Hoskinson, the brain behind Cardano, is gearing up for a monumental event slated for June within the Cardano ecosystem.
The upcoming Chang fork, set to take place on June 9, signals a crucial advancement with Cardano’s Node verging towards version 9.0 this month. Hoskinson emphasizes that the blockchain is primed for this hard fork pending installation by 70% of stake pool operators (SPO).
As Cardano propels towards the Age of Voltaire, inspired by historical luminaries like Lord Byron and Voltaire himself, it signifies a pivotal shift towards governance and voting mechanisms. The introduction of community-led decision-making through on-chain consensus empowers ADA holders to participate actively in proposals using their tokens.
Named as a tribute to Phil Chang, an influential figure in Cardano’s governance who passed away in 2022, this upgrade is hailed as a watershed moment in Cardano’s history. With Chang steering the way, Hoskinson envisions a decentralized global civilization upheld by millions of residents interlinked through blockchain technology.
Underlining its significance further, Hoskinson anticipates an advanced blockchain governance system with annual budgets, treasury provisions, and valuable inputs from the community post-Chang implementation. Despite market fluctuations leading to ADA’s decline in value since the start of 2024 from $0.60 to $0.44 at present according to CoinGecko data, this transformative phase embodies optimism for Cardano’s future trajectory.
Set against a backdrop of evolving cryptocurrency standings where ADA temporarily yields ground in market capitalization rankings to Toncoin (TON), Chang’s impending launch unveils a promising juncture for Cardano amidst challenging market conditions.
Original article posted by Fox News
