Cardano

<p>On September 1, 2024, Cardano made a significant stride with the activation of the “Chang” update. This highly anticipated update marks a turning point towards decentralized governance for the crypto network. From now on, ADA token holders will have the opportunity to actively participate in decision-making by electing representatives and voting on development proposals.</p>
<h2 id="h-crypto-ada-holders-take-power">Crypto: ADA Holders Take Power!</h2>
<p>The Cardano Improvement Proposal (CIP-1694) outlines the new community governance structure and establishes three user-led governance bodies: the Constitutional Committee, the Delegated Representatives (dReps), and the Staking Pool Operators (SPOs). This transition to decentralized governance means that Cardano’s three founding entities – the Cardano Foundation, Input Output Global (IOHK), and Emurgo – will no longer hold the keys to trigger chain updates or “hard forks”.</p>
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<p><a href="https://www.cointribune.com/en/crypto-cardano-bonds-at-8-with-the-arrival-of-chang/" target="_blank" rel="noopener noreferrer nofollow">The Chang update</a> is unfolding in two phases. The first phase, already underway, introduces an Interim Constitutional Committee to temporarily oversee Cardano’s governance. This phase is designed to be cautious, limiting the committee’s power to make changes to the blockchain code while the rest of the governance model is put in place. The second phase, scheduled in 90 days, will fully empower the new governance bodies.</p>
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<h2 id="h-a-crucial-update-for-cardano">A Crucial Update for Cardano</h2>
<p>This crypto update is a crucial milestone in Cardano’s roadmap, marking the start of <a href="https://www.cointribune.com/en/crypto-cardano-burns-the-genesis-keys-and-gets-ready-for-voltaire/" target="_blank" rel="noopener noreferrer nofollow">the Voltaire era</a> – a phase focused on achieving full decentralization, in preparation since the creation of Cardano. According to Giorgio Zinetti, CTO of the Cardano Foundation, “Once everyone is on board and well-informed, they will be ready to actively participate in governance.”</p>
<p>The “Chang” update of Cardano represents a significant advancement towards decentralized governance, offering ADA token holders an active role in <a href="https://www.cointribune.com/en/this-cardano-update-could-make-the-crypto-soar/" target="_blank" rel="noopener noreferrer nofollow">the future of the network</a>. This evolution strengthens Cardano’s alignment with the decentralized ethos of the crypto industry and could also be seen as a strategy to protect against regulators by providing ADA with additional utility.</p>

Crypto: Cardano Activates The Chang Update! Enter The Voltaire Era

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