- The shift of the network to decentralized control marks the start of the Chang age.
The most recent node validator software release has prepared the Cardano network for the Chang hard fork. The hard fork is a component of the shift toward decentralized network governance in the Voltaire era.
Node 9.1.0, the most recent validator node version, is an update to Node 9.0, which was made available on July 8. In addition to addressing a few problems, the new node necessitates the mainnet usage of the Conway Genesis file in order to facilitate the crossover to the Chang hard fork. Once seventy percent of validators have switched to the new node, the hard fork can be put into action.
Chang hard fork pledges significant adjustments
Validators are updating quickly; as of this writing, 11% of them had been upgraded. However, an observer pointed out that tooling and scripts still needed to be updated.
Intersect also stated that the Chang upgrade’s second phase will start later this year. As stated in Cardano Improvement Proposal 1694, which was released in November 2022, bootstrap governance will be used during the initial phase while the ecosystem adjusts to the new capabilities.
The planned decentralization of Cardano is proceeding
The Chang hard fork, according to Cardano documentation, will provide stake pool operators a new governance function and establish onchain governance procedures for a constitutional committee. The task of casting votes on behalf of specific Cardano Ada coin owners will fall to representatives. Voting and proposals will happen on-chain.
The most recent update to Cardano was the September 2022 Vasil hard fork, which enhanced the functionality of smart contracts and sped up block creation. The Alonzo hard fork brought smart contracts to the system in September 2021.
A distributed denial-of-service (DDoS) assault on June 25 may have forced upgrades to the Node 8 series, which may have caused a one-month delay in the Chang software’s release.
The network’s final planned age, Voltaire, is distinguished by the community taking over administration from the Input-Output Hong Kong corporation. Cardano has a market valuation of about $14 billion.
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