{"id":136849,"date":"2024-09-06T14:30:55","date_gmt":"2024-09-06T11:30:55","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136849"},"modified":"2024-09-06T00:53:37","modified_gmt":"2024-09-05T21:53:37","slug":"heres-how-cardanos-hard-fork-affects-governance-and-staking","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/heres-how-cardanos-hard-fork-affects-governance-and-staking\/","title":{"rendered":"Here\u2019s How Cardano\u2019s Hard Fork Affects Governance and Staking"},"content":{"rendered":"<p>This update provides <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/cardano\/\">ADA<\/a> <\/strong>token holders with increased authority over the network\u2019s future developments.<\/p>\n<p>Charles Hoskinson, the founder of Cardano, highlighted the significance of this upgrade, particularly for its impact on governance and decision-making. The hard fork has introduced a new governance structure comprising three primary groups: the Constitutional Committee, Delegated Representatives (dReps), and Staking Pool Operators (SPOs).<\/p>\n<p>Under this<strong><a href=\"https:\/\/cryptodnes.bg\/en\/cardano-successfully-launches-historic-chang-hard-fork\/\"> new system<\/a><\/strong>, the power to propose upgrades or hard forks has shifted from the Cardano founders to the community. ADA holders can now elect representatives and vote on major proposals, establishing Cardano as a leading example of token holder-driven governance.<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-136711\" href=\"https:\/\/cryptodnes.bg\/en\/crypto-protocol-proposes-shutdown-and-transition-to-new-project\/\" title=\"Crypto Protocol Proposes Shutdown and Transition to New Project\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/Blockchain-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Crypto Protocol Proposes Shutdown and Transition to New Project<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Hoskinson assured that ADA holders will continue to earn stewardship rewards but now have the option to vote directly, abstain, or delegate their votes to dReps. This change aims to enhance community involvement in governance while maintaining stewardship within the ecosystem.<\/p>\n<p>The Chang hard fork marks the beginning of the Voltaire era for Cardano, which aims for complete decentralization. The new governance model will be gradually implemented over the next 90 days, with the Interim Constitutional Committee managing the transition.<\/p>\n<p>Looking forward, Hoskinson <strong><a href=\"https:\/\/x.com\/IOHK_Charles\/status\/1831519345639596140?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1831519345639596140%7Ctwgr%5Ea719c1a40e096b62834dc356f42ace373753135e%7Ctwcon%5Es1_&amp;ref_url=https%3A%2F%2Fcrypto-economy.com%2Fhoskinson-explains-how-the-chang-hard-fork-affects-cardanos-staking-and-governance%2F\" rel=\"nofollow\">mentioned<\/a><\/strong> the anticipated launch of \u201cCardano 2\u201d in October, which will outline further advancements and strategic directions for the Cardano network, reinforcing its position as a prominent blockchain platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano\u2019s blockchain has recently undergone a major overhaul with the launch of the &#8220;Chang&#8221; hard fork, which represents a pivotal move towards enhanced decentralized governance.<\/p>\n","protected":false},"author":3,"featured_media":39056,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[23,22],"tags":[112],"coin_category":[],"class_list":["post-136849","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","category-others","tag-cardano"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Here\u2019s How Cardano\u2019s Hard Fork Affects Governance and Staking<\/title>\n<meta name=\"description\" content=\"Cardano\u2019s blockchain has recently undergone a major overhaul with the launch of the &quot;Chang&quot; hard fork, which represents a pivotal move...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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