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Cardano to carry out Chang hard fork on Sept. 1, introducing on-chain governance and other mechanisms

Cardano to carry out Chang hard fork on Sept. 1, introducing on-chain governance and other mechanisms

Bitget2024/08/28 12:16

Launched (in 2017) by Charles Hoskinson, one of the co-founders of Ether, on August 28, the Cardano blockchain is scheduled to undergo a 'Chang' hard fork on September 1, which will make significant changes to the structure of its main network and introduce mechanisms for user participation in on-chain governance.

CIP-1694, which is said to be the core Cardano improvement proposal for this upgrade, introduces various governance structures to the Cardano ecosystem, including its Constitutional Committee, dReps, and Stake Pool Operators (SPO).

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