Convergence

Based

Cardano

Notable

<ul> 
 <li aria-level="1">Ongoing tests on SanchoNet ensure stability and functionality of governance mechanisms before the full-scale implementation.</li> 
 <li aria-level="1">Partnerships in Argentina with universities and local governments aim to expand Cardano’s educational outreach and applications.</li> 
</ul> 
Cardano is poised for a critical system update with the upcoming Chang hard fork, now officially set for September 1, 2024. This schedule was established by Intersect, a community group within the Cardano network, following a decisive meeting.&nbsp; 
Originally slated for August 27, the <a href="https://www.ethnews.com/upcoming-cardano-fork-signals-major-governance-shift-potential-impacts-on-ada-liquidity/">hard fork</a> was rescheduled to provide adequate preparation time for the ecosystem, particularly for exchanges and decentralized applications to make necessary adjustments. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 The hard fork working group has reached consensus &amp; agreed to upgrade mainnet on September 1st 2024! 
 A big thank you to all the work across the ecosystem – getting <a href="https://twitter.com/hashtag/ReadyforChang?src=hash&amp;ref_src=twsrc%5Etfw">#ReadyforChang</a> has been a huge community effort. 
 Join us for a special X Space as we cross the epoch boundary <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/2b07.png" alt="⬇" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://t.co/8T8ti0tWFo">pic.twitter.com/8T8ti0tWFo</a> 
 — Intersect (@IntersectMBO) <a href="https://twitter.com/IntersectMBO/status/1828792949204832753?ref_src=twsrc%5Etfw">August 28, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
This advancement signifies a major milestone in <a href="https://www.ethnews.com/charles-hoskinson-proposes-partnership-that-could-turn-cardano-into-a-decentralized-ai-leader/">Cardano’s strategic plan</a>, marking the adoption of community-driven governance. Such governance is integral to the final phase of Cardano’s roadmap, known as Voltaire, aimed at establishing a self-sustaining network through a democratic process involving all stakeholders. 
<figure id="attachment_89823" aria-describedby="caption-attachment-89823" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-89823" src="https://www.ethnews.com/wp-content/uploads/2024/08/hadrd-fork.jpeg" alt="hadrd-fork" width="1008" height="572">
 <figcaption id="caption-attachment-89823" class="wp-caption-text">
 Source: @CMCardano
 </figcaption>
</figure> 
Concurrently, ongoing testing on SanchoNet, a dedicated testnet launched in the third quarter of 2023, continues to ensure the stability and effectiveness of the new governance mechanisms. This testnet serves as a critical testing ground for the tools and procedures that will underpin the on-chain governance structure. 
Moreover, Cardano has been expanding its educational and operational initiatives, particularly in Argentina. 
Notable collaborations have been formed with significant educational institutions like the University of Buenos Aires and the Universidad Tecnológica Nacional, as well as with regional governments such as the province of Entre Rios.&nbsp; 
These partnerships focus on enhancing the understanding of <a href="https://www.ethnews.com/cardanos-chang-hard-fork-a-new-era-of-decentralized-governance-and-growth/">Cardano’s technology</a> and exploring its practical applications in various local scenarios. 
As the Chang hard fork nears, these efforts highlight Cardano’s commitment to careful planning and community involvement in its evolution. 
The network is set to make strides towards achieving a decentralized and democratically managed blockchain ecosystem, enhancing its functionality and governance in ways that could set a precedent in the cryptocurrency world. 

<div class="cryptoboxes" id="mcw-12352" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-chartcoin="ADA" data-chartcurrency="USD" data-chartrate="1.000268" data-charttype="chart" data-chartview="day" data-charttheme="light" data-chartsmooth="true" data-chartareacolor="" data-chartbgcolor=""></div>
</div> 
The current price of Cardano (ADA) is approximately $0.3547 USD, with a slight increase of 0.73% over the past 24 hours. 
<figure id="attachment_89827" aria-describedby="caption-attachment-89827" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-89827" src="https://www.ethnews.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-28_23-57-52.png" alt="ADAUSDT_2024-08-28_23-57-52" width="1384" height="857">
 <figcaption id="caption-attachment-89827" class="wp-caption-text">
 Source: Tradingview
 </figcaption>
</figure> 
The trading range for today has been between $0.3499 and $0.3559 USD. Over the last 52 weeks, the price has ranged from $0.2376 to $0.8070 USD.&nbsp; 
Cardano’s market capitalization stands at $12.756 billion, with a trading volume of about $299.03 million in the last 24 hours. 
<figure id="attachment_89831" aria-describedby="caption-attachment-89831" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-89831" src="https://www.ethnews.com/wp-content/uploads/2024/08/ADAUSDT_2024-08-28_23-59-43.png" alt="ADAUSDT_2024-08-28_23-59-43" width="1737" height="744">
 <figcaption id="caption-attachment-89831" class="wp-caption-text">
 Source: Tradingview
 </figcaption>
</figure> 
For a technical analysis of Cardano’s price movements, we would look into various indicators such as moving averages, RSI (Relative Strength Index), MACD (Moving Average Convergence Divergence), and trend lines to forecast potential price movements.&nbsp; 
Based on current market conditions and historical data, Cardano appears to be experiencing consolidation within a narrow price range. 
The post <a href="https://www.ethnews.com/cardanos-game-changing-update-is-almost-here-find-out-why-september-1st-will-make-history/">Cardano’s Game-Changing Update Is Almost Here – Find Out Why September 1st Will Make History</a> appeared first on <a href="https://www.ethnews.com">ETHNews</a>.

Cardano’s Game-Changing Update Is Almost Here – Find Out Why September 1st Will Make History

ETHNews

Other articles published on Aug 29, 2024

Retail Traders are Shorting BTC Again: Should you be Bullish or Bearish on Bitcoin?

Crypto Investment Boom: $2.83B in Q2, Iris Energy Tops List

Cardano Price News: ADA Eyes $0.50 After 4% Daily Gain

Swan Bitcoin and Equity Trust join forces to expand Bitcoin IRAs

XRP Is Used As an Example Directly On Australian Government Website

Institutional Investors Eyeing Crypto: A New Era for Digital Assets

Join our free newsletter for daily crypto updates!