Home » Cardano Prepares for Chang Hard Fork with New Node Software

Cardano Prepares for Chang Hard Fork with New Node Software

26.07.2024 10:30 1 min. read Alexander Stefanov
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Cardano Prepares for Chang Hard Fork with New Node Software

Cardano is preparing for the Chang hard fork with the release of new validator node software, marking a key advancement toward the Voltaire era of decentralized governance.

The updated software, Node 9.1.0, supersedes the previous version and introduces crucial components for the Chang hard fork. This upgrade, required for transitioning to the new governance model, will take effect once 70% of validators have installed it. Currently, 11% of validators have completed the upgrade, although updates to related scripts and tools are still pending.

This upgrade is a significant milestone, with the first phase focusing on integrating decentralized governance. The second phase, planned for later this year, will further enhance these features.

The Chang hard fork aims to implement on-chain governance mechanisms, including a constitutional committee and delegate representatives for ADA holders, while also redefining the role of stake pool operators.

Previously, Cardano’s Vasil and Alonzo hard forks improved block creation speed and introduced smart contracts, respectively. The launch of Chang was slightly delayed due to necessary updates following a DDoS attack.

As Cardano moves towards its final governance phase, the community will take over from the Input-Output Hong Kong company. The network currently holds a market cap of around $14 billion.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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