The Cardano community is eagerly awaiting the Chang hard fork after project co-founder Charles Hoskinson hinted at its launch.
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And so the Chang update should improve community governance and is seen as an important step towards achieving decentralization in Cardano. In the age of Voltaire, Chang is the piece of the puzzle that will take Cardano to self-sufficiency. The developers are keen to implement a voting and treasure system.
Initially planned for the second quarter of 2024, the hard fork was postponed to the second half of 2024. This sparked rumors of a long delay. However, Hoskinson took to X (formerly Twitter) to clarify the situation with the hard fork, which is set to introduce Cardano Improvement Proposal (CIP) 1694.
At an AMA session at X, Hoskinson updated community members on the status of several Cardano initiatives.
According to him, the network is ready for a fork, and a new code will be introduced in the near future. Investors are excited to see growth after the hard fork.
Ahead of the expected hard fork, ADA largely traded flat, up 2% in 24 hours. However, experts consider this calm to be temporary and predict frantic market activity after the hard fork.
