- Cardano, the layer-1 blockchain, successfully activated its Chang Hard Fork on Sunday.
- The upgrade is a major step in establishing a fully decentralized governance system.
- Chang Hard Fork is being implemented in two ways – with the 2nd phase to happen in 90 days.
Cardano, the layer-1 blockchain, has successfully launched its hard fork ‘Chang.’ The upgrade, launched on Sunday, is a significant step in the platform’s ongoing Voltaire era, which focuses on establishing a fully decentralized governance system.
ADA to be a Governance Token
According to an analyst’s X post, Cardano is now officially a top 10 crypto – completely powered by people, and it is not just another blockchain but a community-driven powerhouse.
The Chang hard fork brings on-chain voting so ADA holders can have their say in the processes that determine the platform’s future. This means that the Cardano community can introduce, discuss, and execute any upgrades, enhancements, and alterations to the Cardano blockchain in a decentralized form. This approach aims to help the network develop in a way that will benefit all its users. This is the crucial concept in the Cardano future vision of a self-governing and reliable network.
Besides governance, the upgrade offers several technical solutions focused on the blockchain’s performance and security. Such upgrades enable the Cardano platform to be more prominent in the blockchain industry with more emphasis on security, scalability, and longevity.
In an official post on September 2, the platform expressed its excitement about the milestone achieved by the blockchain and the fulfillment of its promise for a decentralized network.
Chang’s Baby Steps
In a video released on X, Charles Hoskinson, the founder of Cardano, expressed his enthusiasm for the successful deployment of the Chang hard fork, noting that it represents a significant milestone in the project’s roadmap.
One small step for Cardano; One giant leap for the industry
Elaborating on the hard fork’s success, he emphasized the necessity of decentralized governance in the industry. He assured its users that Cardano would follow this approach to build a reliable and usable blockchain.
AVAX and ADA on the Verge of Breakouts from Key PatternsOn an overall note, the Chang hard fork has paved a new dimension for Cardano, bringing the platform closer to its vision of creating a self-sustaining and self-organizing blockchain. This successful launch is evidence of the platform’s technological capacity and the strong support from its stakeholders globally.
