2024-06-01
Cardano scheduled a Chang hard fork by the end of June 2024. Cardano blockchain network can support 1,000 transactions per second with transaction fee of $0.17 per transaction.
The
Cardano Chang hard fork is a significant update as it is aims to introduce a
minimum-viable community-run governance system to the Cardano blockchain scheduled
for Q1 through Q2 of 2024.
It
marks the transition into the Voltaire era, which is the final stage of the
Cardano roadmap, focusing on achieving a fully decentralized network through
community governance.
forum.cardano.org/t/cardanos-chang-hard-fork-voltaire
The
Chang hard fork introduces:
Minimum-viable
community-run governance
This
allows all ADA holders to participate in the network’s future development by
establishing on-chain community consensus governed by a constitution.
Delegate
Representatives (DReps)
They
act like elected representatives, where users delegate their ADA instead of
voting at a ballot box. This is a crucial feature for the future of community
governance on Cardano.
For
the transition, Cardano uses a hard fork combinator to ensure a smooth
transition between protocol versions, maintaining a single ledger history.
The
hard fork combinator used by Cardano ensures a smooth transition between
protocol versions, allowing both new and old versions of the ledger to run
simultaneously for a period before the complete transition.
This
approach is designed to maintain the continuity of Cardano’s ledger history and
provide a more seamless upgrade process compared to traditional hard forks.
The
Chang Hard Fork marks the first hard fork within the Voltaire era
This
upgrade is expected to empower the community to propose and fund new projects,
ensuring the sustainability and evolution of the Cardano ecosystem.
The
Chang Hard Fork represents a significant step towards a decentralized and
self-sustaining Cardano network, where stakeholders can actively participate in
its future development.
