According to Tim Harrison, vice president of community and ecosystem communications at Input Output, the company that develops Cardano, the Chang hard fork’s first phase is scheduled to launch on the mainnet on August 27.
“Are you ready to meet Chang? The rocket is situated on the pad. Charles Hoskinson, the inventor of Cardano, made a message on his X social media account, saying, “Governance is coming.”
On August 23, a final decision about the hard fork rollout is anticipated.
The largest obstacle in the way of Chang was removed a week ago when more than 70% of Cardano’s stake pool operators (SPOs) adopted Node Version 9.1.0. Input Output indicates that the exchange liquidity statistic is also becoming better. Furthermore, it seems that the top decentralised apps (dApps) are prepared as well.
Cardano is anticipated to transition to community-driven governance with the most recent hard fork. The publication of a provisional network constitution and the establishment of a provisional Constitutional Committee (CC) will be the primary objectives of the upgrade. It is anticipated that during the second stage of the hard fork’s deployment, delegated representatives would be implemented.
Meanwhile, ADA, the native token of the Cardano ecosystem, suddenly fell out of the top 10, according to U.Today. It is presently in 12th position with a $12.3 billion market capitalisation, according to CoinGecko statistics (behind Tron and Dogecoin). Notwithstanding the excitement surrounding the Chang update, the cryptocurrency dropped out of the top 10.
Hoskinson presented the Chang hard fork as Cardano’s most noteworthy achievement to date at the beginning of June.
