{"id":439600,"date":"2024-08-21T10:45:51","date_gmt":"2024-08-21T09:45:51","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=439600"},"modified":"2024-08-21T10:33:33","modified_gmt":"2024-08-21T09:33:33","slug":"cardano-targets-chang-hard-fork-launch-next-week-august-27","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/cardano-targets-chang-hard-fork-launch-next-week-august-27\/","title":{"rendered":"Cardano targets Chang hard fork launch next week August 27"},"content":{"rendered":"<p>Intersect, a <a href=\"https:\/\/cryptoslate.com\/coins\/cardano\/\">Cardano<\/a> membership organization, has proposed the Chang hard fork for implementation on Aug. 27.<\/p>\n<p>In an Aug. 20 <a href=\"https:\/\/x.com\/IntersectMBO\/status\/1825946121765896609\">post<\/a>, Intersect explained that its proposal was based on a thorough review of the project's progress, community feedback, and the Chang hard fork working group's sentiments. It stated:<\/p>\n<blockquote><p>&#8220;SPO-readiness was confirmed last week, the exchange liquidity metric is good and improving, and we have been receiving positive readiness updates from many leading DApps.&#8221;<\/p><\/blockquote>\n<p>However, the date remains tentative, pending a final decision on Aug. 23. Intersect noted that the timeline could shift if unexpected issues arise, with Sept. 3 as an alternative window.<\/p>\n<p>This update follows the Node 9.1 upgrade, which marked the final step before the Chang hard fork.<\/p>\n<p>According to <a href=\"https:\/\/cardanoscan.io\/changreadiness\">Cardanoscan<\/a>, 80% of stake pool operators (SPOs) have adopted Node 9.1.0, meeting the threshold required for the hard fork. However, liquidity is still a concern, with only 34% of exchanges adopting the upgrade\u2014well below the 80% target.<\/p>\n<p><span style=\"color: #333333; font-size: 22px; font-weight: bold;\">Chang hard fork<\/span><\/p>\n<p>The <a href=\"https:\/\/cryptoslate.com\/cardanos-node-9-0-0-paves-way-for-transformative-chang-hard-fork\/\">Chang hard fork<\/a> will introduce significant changes to Cardano's software, rendering it incompatible with previous versions. So, the community's meticulous planning for this upgrade is understandable, as it presents a key milestone in the blockchain network's journey toward the Voltaire era.<\/p>\n<p>Named after the late Cardano evangelist Phil Chang, the Chang upgrade will give Cardano holders a more direct role in the network's governance. In this era, ADA holders can now actively participate in decisions that shape the platform's future, marking a critical step in Cardano's path to full decentralization.<\/p>\n<p>Additionally, the upgrade will enhance smart contracts, particularly with the introduction of the PlutusV3 cryptographic primitive, which aims to bolster data security on the network.<\/p>\n<p>Cardano founder <a href=\"https:\/\/cryptoslate.com\/people\/charles-hoskinson\/\">Charles Hoskinson<\/a> has <a href=\"https:\/\/x.com\/IOHK_Charles\/status\/1799817186204057922\">emphasized<\/a> the importance of this upgrade, calling it &#8220;the most significant milestone&#8221; in the crypto industry's history.<\/p>\n<p>He pointed out that the move will make,<\/p>\n<blockquote><p>&#8220;Cardano a decentralized civilization spanning the entire world with millions of residents. We'll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us.&#8221;<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Intersect, a Cardano membership organization, has proposed the Chang hard fork for implementation on Aug. 27. In an Aug. 20 post, Intersect explained that its proposal was based on a thorough review of the project&#8217;s progress, community feedback, and the Chang hard fork working group&#8217;s sentiments. It stated: &#8220;SPO-readiness was confirmed last week, the exchange [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":439616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[75379,79617,78149],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cardano targets Chang hard fork launch next week August 27<\/title>\n<meta name=\"description\" content=\"Cardano&#039;s Chang hard fork aims for Aug. 27, promising decentralized governance for the blockchain network.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/cardano-targets-chang-hard-fork-launch-next-week-august-27\/\" \/>\n<meta property=\"og:locale\" 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