Cardano Transitions to Decentralized Governance Following Chang Hard Fork

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Cardano Transitions to Decentralized Governance Following Chang Hard Fork
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Layer-1 blockchain Cardano, founded by Ethereum co-founder Charles Hoskinson, has completed its much-anticipated Chang hard fork, entering the final stages of the project’s development dubbed Voltaire era .Today’s Chang hard fork marks a major milestone for the Cardano blockchain, ecosystem, and community––fulfilling the promise of a truly self-governing, decentralized network. Welcome to a new era of decentralized governance: Voltaire.

“The goal of the first stage is to ensure security and continuity during the governance bootstrapping phase, allowing DReps to register and campaign for delegation, while developing and ratifying a final constitution by early 2025,” the Cardano Foundation said. Its disappointing performance has seen it fall out of the top 10 list of the largest cryptocurrencies by market cap, trailing the likes of TRON and TRX.

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