- Cardano sets Sept 1, 2024, for Chang hard fork, enhancing network with community-driven governance.
- Cardano’s Chang upgrade introduces on-chain governance, advancing its Voltaire development phase.
- Cardano boosts global presence, forging educational blockchain partnerships in Argentina.
The Cardano network is nearing a major achievement with the anticipated Chang hard fork on September 1, 2024. The hard fork working group’s decision is a critical step toward instituting community-driven governance and improving the network architecture.
Consensus Achieved for Network Upgrade
On August 23, 2024, the Cardano hard fork working group convened and unanimously agreed to set September 1 as the new date for the Chang hard fork. This adjustment from the initially planned August 27 date followed a critical discussion among the stakeholders.
The delay provides additional time for exchanges and decentralized apps (dApps) to perform the necessary adjustments, ensuring a smooth transition to the improved system. This strategic choice demonstrates the community’s commitment to thorough planning and collaboration throughout the Cardano ecosystem.
Enhancing On-chain Governance
The Chang hard fork is set to bring on-chain governance to the Cardano network, a critical step toward completing the Voltaire phase of its development roadmap. This phase strives to create a self-sustaining system in which network stakeholders make governance decisions democratically.
By incorporating on-chain governance tools, Cardano advances toward realizing a decentralized governance model consistent with the transparency, inclusivity, and community involvement that were the founding values of blockchain technology.
Ongoing development and partnership strategies.
In preparation for this significant upgrade, ongoing testing is being conducted on SanchoNet, a testnet launched in the third quarter of 2023. SanchoNet is a testing ground for refining the processes and tools essential for effective on-chain governance within the Cardano ecosystem. These tests ensure the governance mechanisms are robust and functional before being deployed on the mainnet.
Cardano has also been growing its worldwide reach through strategic partnerships in Argentina. Notable cooperation has been formed with the province of Entre Rios, the University of Buenos Aires, and the Universidad Tecnológica Nacional.
These partnerships focus on enhancing educational initiatives around blockchain technology and exploring practical applications of the Cardano network in local use cases. Such initiatives foster a deeper understanding of blockchain technology in the region and demonstrate Cardano’s commitment to fostering blockchain adoption and education globally.
The post Cardano Sets Date for Chang Hard Fork in Major Network Upgrade appeared first on Crypto News Land.
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