Charles Hoskinson confirms Chang hard fork will be coming in June

Charles Hoskinson, the founder of Cardano announces on X that Cardano will release Node version 9.0 to support Chang hard fork that will be coming in June.

Node version 9.0 will mark the beginning of the Voltaire era.

Charles Hoskinson on X: "It looks like June will be the month that Cardano Node will reach 9.0. This means that Cardano is Chang fork ready and waiting for 70 percent of the SPOs to install the new node. Then, a hard fork can occur pushing Cardano into the Age of Voltaire. 

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.