- Chang Hard Fork launches on 16th July.
- Charles Hoskinson, among others, will be stepping down from his leadership role.
Following weeks of speculation Cardano [ADA] Charles Hoskinson, co-founder of Chang Hard Fork has announced its official launch.
Chang is a part of Cardano’s Roadmap, which includes the five periods: Byron (Byron), Shelley (Shelley), goguen (goguen), basho and Voltaire. Voltaire is the current period (which involves governance) and it will begin after the Chang Hard Fork.
Cardano believes that the Chang Hard Fork is crucial to transforming Cardano’s governance by introducing a constitution incorporating on-chain voting rights and democratic principles.
Following the announcement of by Hoskinson. In his report he confirmed that Chang would release on 16th July.
He explained this in his live broadcast, which was posted on the official X-page.
“Node 9.0.0: Chang hard fork is ready.”
Further, he added:
“Once we hit the threshold of 70% SPOs, we are now on the age of fork.”
Hoskinson also explained the Cardano Community’s role in the governance. The community votes on the budget, and will also vote on other things.
According to the interim constitution in place, leaders will be elected based on this document work The end of the current year will see a convention on constitutional reform in Argentina.
Charles Hoskinson is no longer a member of the government. work The development team will still be part the government on-chain but not part the chain itself.
What contribution will Chang Hard Fork make to Cardano
The main objective of the Chang Hard Fork is community-based governance. Cardano’s blockchain can be completely decentralized by using community-run government.
The approach includes on-chain voting to ensure a transparent, verifiable and accountable decision-making procedure.
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What is the significance of this?
Chang’s hard fork has a significant impact on the ecosystem of blockchain. Cardano’s new model is aimed at achieving the core element of blockchain, the decentralization and autonomy of government.
The success of the model in this case will create a precedent for the blockchain industry, allowing it to address the problems that arise from the centralization of governance which blockchain aims to eliminate.
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Source: ambcrypto.com