Cardano’s Chang hard fork set to launch tomorrow — Here’s what you should expect
The post Cardano’s Chang hard fork set to launch tomorrow — Here’s what you should expect appeared on BitcoinEthereumNews.com.
Key Takeaways The first phase of the Chang hard fork will introduce a temporary governance structure to guide Cardano’s transition. Cardano aims to increase transaction throughput to over 1,000 TPS with the new upgrade. The Chang hard fork, Cardano’s much-anticipated upgrade, is set to roll out by the end of this week following confirmation from Intersect, a member-based organization of the Cardano ecosystem. The upgrade is part of Cardano’s roadmap to empower its community and enhance the network’s democratic governance structure. As the major milestone is just hours away, we’ve gathered everything you need to know about the Chang hard fork, what it will do, and what investors should expect from ADA’s price actions. The Chang hard fork—”The Age of Voltaire is soon upon us” Since its launch in 2017, Cardano has undergone four distinct eras, including Byron, Shelley, Goguen, and Basho, each focusing on specific functionalities and enhancements to the blockchain platform. Following the Basho era, Cardano is gearing toward the Voltaire era, which it describes as “the final pieces required for the Cardano network to become a self-sustaining system.” Cardano Roadmap For the Voltaire era, Cardano aims to become a fully decentralized blockchain where ADA holders can directly participate in the decision-making process and contribute to the network’s development. The upcoming Chang hard fork is the first step in the transition to the Voltaire era. Technically, it is an upgrade to the blockchain that introduces radical changes to its protocol. For the hard fork to take effect, all nodes, or all the computers that run the blockchain, must upgrade to the new software. What will the Chang hard fork do for the network? As part of its goal to achieve community-run governance, Cardano’s Chang hard fork is expected to introduce a number of advanced governance features. In addition,…
Filed under: News - @ August 31, 2024 1:12 pm