Cardano (ADA) Prepares for the Chang Hard Fork With the Release of Node 9.1.0
- 王林Original
- 2024-07-26 11:30:071177browse
The Chang hard fork will introduce new governance features to the blockchain, such as a constitutional committee and delegate representatives.
Cardano (CRYPTO: ADA) is preparing for the Chang hard fork with the release of Node 9.1.0, the latest version of its validator node software.
The new software update builds on the previous update released on July 8, 2024. Currently, 11% of validators have begun using the new software, with updates to scripts and tools still in progress.
The Intersect Cardano user group has called this development a “major change” for the Cardano network.
“This release signifies the completion of primary development work for the bootstrap phase of on-chain governance,” Intersect said.
“This milestone marks the installation of the core elements of decentralized governance, rolled out across two distinct phases.”
The Chang hard fork will introduce new governance features to the blockchain, including a constitutional committee and delegate representatives.
This will give Ada coin (CRYPTO: ADA) holders and stake pool operators a more direct role in governance, allowing for proposals and votes to be carried out directly on the blockchain.
The update follows earlier successful hard forks, such as Vasil and Alonzo, which improved network performance and smart contract functionality.
The Chang hard fork is set to be the final planned phase for Cardano, transitioning governance from Input-Output Hong Kong to the community.
The new upgrade is garnering attention in the crypto space, given Cardano's market cap of $14 billion. If executed successfully, the Chang hard fork could set a new standard for blockchain governance in the evolving digital asset space.
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