Cardano’s Long-Awaited Chang Hard Fork Upgrade Scheduled for September 1st

A date has been set for the Cardano (ADA) blockchain to go ahead with its long-awaited Chang hard fork.

In a post on the social media platform X, the Cardano Community says that the Chang upgrade will move forward on September 1st.

The blockchain’s community leaders, the Cardano Foundation, development firm Input Output Global and others all unanimously agreed to initiate Chang 1 onto the Cardano mainnet, according to Intersect, a member-based organization for the Cardano ecosystem.

The first Chang upgrade will introduce governance features on Cardano, enabling decentralized voting and various other governance processes. Chang Upgrade 2 is expected to unlock more on-chain governance features such as treasury withdrawals and delegated representative participation.

Says Cardano creator Charles Hoskinson,

“It’s the most significant milestone in the history of Cardano and for the industry as a whole. Cardano will be a decentralized civilization spanning the entire world with millions of residents. We’ll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us.”

Following the implementation of the Chang hard fork, Cardano will then move into the final stage of its roadmap, the Voltaire phase, which establishes the network’s governance system.

At time of writing, ADA is trading at $0.358.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The post Cardano’s Long-Awaited Chang Hard Fork Upgrade Scheduled for September 1st appeared first on The Daily Hodl.