Ethereum

Cardano

Million

Foundation

Cardano, the blockchain platform launched in 2017 by Ethereum co-founder Charles Hoskinson, is on the verge of its most significant update in two years. 
With the upcoming Chang hard fork, significant changes will be made to Cardano’s mainnet, particularly on-chain governance mechanisms that will allow users to directly participate in the platform’s decision-making processes. 
Hoskinson announced on Friday that the Chang hard fork, originally scheduled for this week, has been postponed until Sept. 1 to allow major exchanges like Binance to prepare their systems. “The magic of deadlines is that people who weren’t taking upgrades seriously suddenly say we need to act,” Hoskinson said on X. 
Currently ranked as the 30th largest blockchain by DeFiLlama, Cardano is closely watched in the crypto community, in part due to Hoskinson’s prominent and colorful presence in the industry. Hoskinson, who co-founded Ethereum with Vitalik Buterin in 2014 before parting ways, has since become a well-known figure who frequently shares his views through videos and podcasts. 
A hard fork is a major update to a blockchain that renders previous versions obsolete. These changes can be controversial, but are typically planned and coordinated to introduce new features or fix issues within the blockchain. The Chang hard fork is particularly significant for Cardano because it will see the introduction of on-chain governance features, a key component in Cardano’s development. 
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Once the update goes live, holders of ADA, Cardano’s native token, will have the power to elect Delegate Representatives (dReps) and vote on proposals for future improvements and technical changes to the blockchain. “This will mark the first step towards a minimum viable community-led governance structure outlined in CIP-1694, meaning the Cardano community will be responsible for maintaining and shaping the blockchain network,” the Cardano Foundation said in a recent blog post. 
The Chang hard fork is a critical part of the Voltaire Era, the final phase in Cardano’s current roadmap. 
*This is not investment advice. 
 Continue Reading: <a href="https://en.bitcoinsistemi.com/cardano-ada-at-a-milestone-date-given-for-major-update/">Cardano (ADA) at a Milestone: Date Given for Major Update</a>

Cardano (ADA) at a Milestone: Date Given for Major Update

Bitcoin Sistemi EN

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