Bitrabo Editorial
Intersect, a key member-based organization committed to the Cardano ecosystem, has revealed the official schedule for the forthcoming Chang hard fork via X. This update plays a crucial role in advancing the Cardano network by enhancing protocol efficiency and governance mechanisms.
Cardano’s Chang Hard Fork Scheduled for August 27
The announcement by Intersect outlines that the Chang hard fork working group has assessed progress against readiness benchmarks and considered community feedback. The target date for the mainnet hard fork is set for Tuesday, August 27, pending a final decision on Friday, August 23.
While 80% of Stake Pool Operators (SPOs) have upgraded to version 9.1.0, ensuring readiness, only 28% of exchanges have made the required updates, falling short of the 85% target. Despite this, readiness levels are improving across the ecosystem.
Prior to the hard fork, governance actions and signatures need to be completed four days in advance. Stakeholders are urged to finalize preparations promptly to facilitate a smooth transition. A pre-production hard fork is also slated for August 22 to conduct final tests.
In anticipation of the hard fork, Cardano founder Charles Hoskinson expressed eagerness for the upgrade’s strategic significance. Input Output, the developer behind Cardano, has rolled out a new version of the Daedalus wallet essential for the Chang hard fork.
Chang Upgrade: A 2-Phase Process
The Chang upgrade signifies a major step forward for Cardano as it endeavors to establish an on-chain governance system stipulated in CIP-1694. The first phase introduces governance features, launching the technical bootstrapping phase. The second phase advances these features, broadening governance actions and DRep participation.
As of now, ADA is trading at $0.3580.