Charles Hoskinson, the founder of Cardano, shared a detailed update on the project’s progress, focusing on the Chang roadmap. In a Monday video shared on the X platform, Hoskinson explored the current phase of Cardano’s development and the steps ahead. He emphasized the importance of the ongoing bootstrap phase and the forthcoming Chang hard fork.
Hoskinson’s Bootstrap Phase Importance
Hoskinson explained that Cardano is currently in the “bootstrap phase,” a critical period during which the foundational elements of its governance structure are being solidified. This phase is essential as it sets the stage for fully activating Cardano’s decentralized governance.
Various stakeholders, including the Constitutional Committee, stake pool operators (SPOs), and decentralized representatives (DReps), will be involved. Hoskinson noted that this phase would peak in the Chang hard fork, expected within the next 90 days. This event marks a significant milestone in Cardano’s journey towards complete decentralization.
The Chang hard fork enables Cardano’s governance model to function fully. Hoskinson said this update would activate various governance actions, including protocol parameter changes and hard fork initiations.
Crucial Governance Activation
The entire Cardano government, which would involve a tripartite system comprising DReps, the Constitutional Committee, and SPOs, is expected to be operational by the end of the year. Hoskinson also highlighted the ongoing efforts to draft and ratify a new version of the Cardano Constitution, which will guide the platform’s future governance.
Charles Hoskinson on Cardano’s Decade Amid Chang Hard ForkIn addition to governance updates, Hoskinson discussed the importance of the upcoming Constitutional Convention. Delegates from over 50 countries will gather in Argentina to finalize the first version of the Cardano Constitution.
Constitutional Convention Plans
This convention, set to take place around the same time as the Chang hard fork, would play a pivotal role in shaping the future of Cardano’s governance framework. Hoskinson emphasized that the process ensures Cardano’s governance remains inclusive, transparent, and effective. The approach aims to lay the groundwork for the platform’s long-term success.
As reported earlier by CryptoTale, Cardano successfully launched its ‘Chang’ hard fork on Sunday. This upgrade marked a significant milestone in the platform’s Voltaire era, which focused on developing a fully decentralized governance system.
As Cardano moves closer to achieving full decentralization, Hoskinson’s updates underscore the meticulous planning and collaboration involved in this ambitious project. With the Chang hard fork on the horizon and the Constitutional Convention set to convene, Cardano is poised to enter a new era of decentralized governance.
