#Write2Earn#

Cardano Chang Hard Fork

Cardano, the eighth-largest cryptocurrency by market capitalization, will undergo a hard fork called Chang in the first quarter of 2024. This upgrade will force nodes on the network to update their software to keep it running.

Chang Fork Objectives:

Scalability: Allow the Cardano network to handle more users without losing functionality.

Interoperability: Facilitate connection and data sharing with other blockchain networks.

Expected benefits:

Increased capacity: Increased number of transactions per second that the network can process.Improved user experience: Reduced congestion and fees.Increased adoption: Attract more users and developers to the Cardano platform.

Cardano Current Phase:

Cardano is in the Basho phase, the fourth of its five development phases. This phase focuses on scalability and interoperability, aspects that the Chang fork seeks to improve.

Impact of Chang Fork:

The Chang fork is considered a major milestone for Cardano and is expected to have a positive impact on the price of ADA, the platform's native cryptocurrency.