Cardano’s Chang Hard Fork Goes Live, Introducing On-Chain Governance !!
Layer 1 blockchain Cardano has officially undergone the first stage of its Chang hard fork. The Chang upgrade is the latest step in the network’s transition to a decentralised governance model. Specifically, it allows ADA token holders to submit or participate in the voting process for governance actions as part of the project’s “Voltaire” upgrade phase.
This also makes Cardano the first major blockchain to transition its centralised governance structure to a token-based decentralised governance system.
Giorgio Zinetti, CTO of the Cardano Foundation stated
