#Write2earn


Cardano Prepares for Chang Fork and Complete Decentralization

#Cardano #Altcoins #CardanoUpdate #Blockchain $ADA

Cardano is entering the final stage of its journey to becoming a fully decentralized blockchain. Co-founder Charles Hoskinson announced the transition will occur later this month.

Preparing for the Chang Fork
Stake pool operators (SPOs) must upgrade to the latest node software, followed by a hard fork transitioning Cardano to the Voltaire era. Currently, the blockchain is in the Basho era.

Transition to Voltaire Era
Hoskinson stated, “June is the month Cardano Node will reach 9.0, making it Chang fork ready. Once 70% of SPOs install the new node, a hard fork will push Cardano into the Age of Voltaire.” He added that this will introduce advanced blockchain governance, annual budgets, a treasury, and community-led guidance.

Governance and Future Developments
The first phase of Voltaire will implement CIP 1694, enabling ADA holders to vote on key issues. Future features include proxy participation and treasury withdrawals, allowing users to propose and fund projects within the ecosystem.