Here's what every Cardano holder must know, Charles Hoskinson reports
has successfully undergone its long-awaited Chang hard fork, marking a significant evolution in its network and introducing on-chain governance. This feature puts the power directly in the hands of ADA holders to influence the blockchain's future.
Thus, withdrawing staking rewards is now a bit more complicated. You have to delegate your voting power to a DRep. This is something In a recent discussion, Cardano's founder, Charles Hoskinson, addressed user concerns and clarified the path forward. He said that users have three choices: casting a vote of no confidence, abstaining from participation or delegating their influence to a DRep.
To clarify, a user to withdraw staking rewards from the network has to choose one of three options: a vote of no confidence, abstain, or delegate to a drep. Wallets like lace will in the UX automatically choose abstain if a user selects delegation only thereby simplifying the…is rolling out upgrades with this latest fork, making its foundation stronger as the ecosystem shifts toward decentralized governance. It is crucial for ADA holders to understand these changes.
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