Cardano's next update, Chang, which promises to transform the way this blockchain is managed, is getting closer.
Data from the Pool Tool platform shows that 73% of SPO operators on the blockchain network have already upgraded to the latest node version released by the developers, v9.1.0.
This version, as reported by this medium, prepares the Cardano ecosystem for a significant change that will not only improve its infrastructure, but will also usher in a new era of decentralized governance in the blockchain industry, with the arrival of Voltaire.
Cardano takes an important step towards decentralization
The main objective of the Chang update is to eliminate direct dependence on the Cardano network from the company IOHK, which has been in charge of the development and management of the blockchain until now. Chang, which will be implemented as a hard fork on the network, represents a fundamental transition for Cardano, as it will allow it evolve towards a more decentralized governance model, where holders of ADA, the network's native cryptocurrency, will have the opportunity to influence its growth and development.
Therefore, the Chang update not only represents a change in Cardano's governance structure, but is also a step towards full autonomy for the community in managing its own blockchain.
However, to implement this update, the network developers released a node update, called v9.1.0, which introduced a series of essential elements for the activation of the hard fork. This node update, which was launched at the end of July, had to be adopted by at least 70% of the network nodes to make way for Chang.
As Pool Tool data shows, at the time of writing this article, the 73% of the blockchain network nodes have already been updated to node version 9.1.0.
The benefits of the Chang hard fork
The arrival of the Chang update will bring multiple benefits to the Cardano network. First, it will allow ADA holders to actively participate in blockchain governance, fostering a sense of community and belonging among users.
Additionally, the transition to a decentralized governance model will allow for greater transparency in decision-making. ADA holders may delegate their voting power to designated representatives (dReps), who will act on your behalf, ensuring that your interests are represented in key decisions affecting the future of the blockchain.
Chang is also expected to drive innovation in the ecosystem as he will provide a more flexible framework for the implementation of new features and improvements.
The Voltaire era: Governance and sustainability for Cardano
Chang's arrival also marks the beginning of the Voltaire era, which will embark Cardano on a journey towards sustainable and decentralized governance. This new era of development will allow the community to take full control over blockchain development, establishing a model where every voice counts and every decision is made collectively.
Charles Hoskinson, founder of Cardano, has highlighted Voltaire as a milestone that will set a new standard of decentralization for the entire blockchain ecosystem.
The focus on decentralized governance will not only benefit Cardano in terms of community participation, but will also help build a more resilient and adaptable network. As the community takes responsibility for blockchain management, it is expected that new ideas and proposals will emerge that further strengthen the ecosystem.
In conclusion, with over 70% of nodes upgrading to v9.1.0, the Chang upgrade is about to become a reality on Cardano, ushering in a new era of governance and community collaboration.
