Cardano Ecosystem Advances into Decentralised Governance Era with ‘Chang’ Upgrade

Cardano Ecosystem Enters a New Phase

The Cardano blockchain team is making significant strides toward self-sustainability. Recently, Cardano completed its Chang upgrade, propelling the network into the era of decentralised governance. Now, ADA token holders can actively participate in electing representatives and contribute to development discussions. This upgrade was successfully implemented at block 10,764,778, according to industry reports.

Essentially, the Chang upgrade's completion is aimed at making the blockchain transparent and inclusive for all network members. An official update from the Cardano Foundation highlighted that the Chang hard fork marks a major milestone for the Cardano blockchain, ecosystem, and community, fulfilling the promise of a truly self-governing, decentralised network.

Transition to the Voltaire Era

As per developers behind Cardano, this upgrade ushers the eco-friendly proof-of-stake network into the “Voltaire” era, where critical decisions about the blockchain will be made by ADA token holders.

• The initial phase of the Chang upgrade establishes foundational governance features.
• The subsequent stage will focus on community-driven decision-making and governance.

Charles Hoskinson, founder of Cardano, commented, “This is one small step for Cardano, but a giant leap for the overall industry.”

This upgrade unfolds in two stages, gradually rolling out on the network, pushing Cardano toward true decentralisation. Often referred to as the “Ethereum Killer,” Cardano aims to complete its transition between October and December this year.

However, amidst these developments, Cardano's ADA token has not seen any improvement in market momentum, with a reported price drop of 1.11 percent in the last day.