The Cardano Foundation has introduced a comprehensive plan for governance reform coinciding with the upcoming Chang hard fork. This strategic decision marks a significant move towards a decentralized governance system in the blockchain sphere, aiming to distribute decision-making authority more fairly among stakeholders. Cardano, recognized for its scientific development approach and focus on security and sustainability, is gearing up for the Chang hard fork, a crucial update that signifies a shift towards decentralized governance, eagerly awaited by the ADA community. The governance model includes DReps, SPOs, and a constitutional committee to ensure inclusivity, diversity, and power balance for network stability. The Foundation's role in the ICC during the transitional phase is vital, overseeing protocol changes and hard forks. Recent ICC elections, where the Foundation voted with a substantial stake, highlighted candidates aligned with the new governance principles. Transparency in the electoral process and commitment to trust-building are key priorities during this governance transition. Read more AI-generated news on: https://app.chaingpt.org/news