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Cardano's Chang Upgrade: A Major Step Towards Decentralized
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Cardano, a leading blockchain platform, has made a major stride toward full decentralization with the activation of its "Chang" upgrade. Launched in 2017 by Ethereum co-founder Charles Hoskinson, Cardano now allows ADA token holders to vote on proposals and elect governance representatives, shaping the network's future.
New Governance Structure
The Chang upgrade, based on CIP-1694, introduces a new governance model with three community-led bodies: the Constitutional Committee, Delegate Representatives (dReps), and Stake Pool Operators (SPOs). These groups now manage network upgrades, a role previously held by Cardano's founding entities—Cardano Foundation, IOHK, and Emurgo. This shift aligns Cardano with the blockchain industry's push for decentralization and enhances the utility of the ADA token.
Phased Rollout
The Chang upgrade unfolds in two phases. The first, already live, introduces an Interim Constitutional Committee to oversee governance. The second phase, due within 90 days, will fully empower the new governance bodies, ensuring all stakeholders are ready to participate.
Entering the Voltaire Era
The Chang upgrade marks the start of Cardano's Voltaire era, focused on full decentralization. Giorgio Zinetti, CTO of the Cardano Foundation, called this upgrade "the biggest event in Cardano history," positioning Cardano as the largest layer-1 blockchain with on-chain governance, surpassing platforms like Tezos and Polkadot.
