The post Cardano’s Node 10.11 Update Introduces Chang 2 Hard Fork, Sparking Governance Participation Debate Among ADA Holders appeared on BitcoinEthereumNews.com.

Cardano has launched Node 10.11, a significant update that supports the Chang #2 hard fork, marking a pivotal moment in its governance evolution. This latest upgrade empowers ADA holders by allowing greater participation in Cardano’s governance structure, fostering a decentralized ecosystem. “Following a successful Chang #2 hard fork, decisions on the Cardano blockchain will be shaped and voted on via fully decentralized governance,” states Intersect. Learn how Cardano’s new Node 10.11 and the Chang #2 hard fork empower ADA holders and shape the future of blockchain governance. Cardano’s Governance Evolution Continues with Chang #2 Cardano has introduced Node 10.11, marking a major leap in the network’s journey toward decentralized governance. On November 1, Intersect MBO, a Cardano-led member organization, launched Node 10.11 as the first mainnet release to support the Chang #2 inter-era hard fork. This upgrade transitions the network from its initial technical bootstrapping phase into a fully on-chain governance model. Node 10.11 Features Enhance Governance Participation Node 10.11 includes features designed to empower governance within the Cardano ecosystem. Stake Pool Operators (SPOs) can now delegate their votes to preset options, and Delegated Representatives (DReps) gain an auto-abstain feature. The update also enhances Cardano’s ledger, command-line interface (CLI), API, and networking code, creating a more robust foundation for governance and user interaction. Intersect highlights the Chang #2 upgrade as the completion of Cardano’s move to fully on-chain governance, an evolution from the initial bootstrap model introduced in the first Chang upgrade. This shift allows ADA holders—who since the Chang #1 update on September 1 have been able to delegate governance responsibilities to DReps or represent themselves—to play a more active role in the network’s decision-making processes. Read more: Cardano (ADA) Price Prediction 2024/2025/2030 New Delegation Mechanisms Under Chang 2 Under the new Chang #2 framework, ADA holders must delegate…

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Filed under: News - @ November 3, 2024 4:12 pm