Cardano

2024

when

Cardano is preparing for the Chang hard fork with the release of Node 9.1.0, the latest version of its validator node software, building on the previous update from July 8, 2024. 
Currently, 11% of validators have already started using the new software, though updates to scripts and tools are still underway. The Intersect Cardano user group has called this development a “major change” for the Cardano network. 
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 Node 9.1.0 is here! The final version to bring on-chain decision making to Cardano is here. As with all hard-forks, Cardano upgrades when the community is ready. SPO's ➡️ <a href="https://t.co/UwgSE0dWc0" target="_blank">https://t.co/UwgSE0dWc0</a> DApps, wallets, exchanges &amp; more get <a href="https://twitter.com/hashtag/ReadyforChang?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#ReadyforChang</a> ➡️ <a href="https://t.co/vDJ4yyIdHP" target="_blank">https://t.co/vDJ4yyIdHP</a> <a href="https://t.co/fnHLgupBmn" target="_blank">pic.twitter.com/fnHLgupBmn</a>— Intersect (@IntersectMBO) <a href="https://twitter.com/IntersectMBO/status/1816491283676033133?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 25, 2024</a>
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According to Intersect, “This release signifies the completion of primary development work for the bootstrap phase of on-chain governance. 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, such as a constitutional committee and delegate representatives. This will give Ada coin holders and stake pool operators a more direct role in governance, allowing for proposals and votes directly on the blockchain. 
This update follows earlier successful hard forks like <a href="https://www.cryptotimes.io/2022/09/23/cardano-vasil-hard-fork-first-phase-completed/" target="_blank" rel="noreferrer noopener">Vasil</a> and <a href="https://www.cryptotimes.io/2021/09/13/cardanos-new-upgrade-alonzo-hard-fork-is-now-live-on-mainnet/" target="_blank" rel="noreferrer noopener">Alonzo</a>, which improved network performance and smart contract functionality. The Chang hard fork is expected to be the final planned phase for Cardano, transitioning governance from Input-Output Hong Kong to the community. 
With a market cap of $14 billion, This new upgrade towards decentralized governance is drawing significant attention from the crypto space. The successful execution of the Chang hard fork could set a new benchmark for blockchain governance in the evolving digital asset space.

Cardano Prepares for Chang Hard Fork with New Validator Node

The Crypto Times

Alte articole publicate pe 26 iul. 2024

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