Cardano Prepares For Major Hard Fork And Decentralized Governance

According to U.Today, Charles Hoskinson, the founder of Cardano, recently announced that a new node will be released this month, marking a significant step towards the next major hard fork, Chang. This upcoming event is not just a technical upgrade, but a stride towards decentralized governance within the Cardano ecosystem. Hoskinson stated that for the hard fork to proceed, approximately 70% of ADA stake pool operators must successfully transition to the new node version. This development is expected to have profound implications for Cardano's evolution into a decentralized global community. Hoskinson envisions widespread participation in Cardano's governance, facilitated by an advanced blockchain governance system. The forthcoming Cardano Node 9.0 signifies that Cardano is ready for the Chang fork, pending the installation of the new node by 70 percent of the SPOs. This will then enable a hard fork, propelling Cardano into the Age of Voltaire, a period characterized by increased community involvement in shaping Cardano's future. In addition to these developments, the upcoming Cardano Constitutional Convention in Argentina's capital will play a pivotal role. Governance representatives from various regions will collaborate to draft the first Constitution, establishing the foundation for decentralized governance principles. The ratification of this Constitution through a community-wide vote will underscore Cardano's path to decentralized governance and set a precedent for blockchain projects worldwide.