The Chang hard fork marks Cardano's entry into the Voltaire era, marking the final stage in its path to creating a fully decentralized blockchain ecosystem. Once the transition is complete, Cardano will no longer be actively managed by development company Cardano Input Output Global (IOG) but will instead be run entirely by community members.
The Chang hard fork marks Cardano's entry into the Voltaire era, marking the final stage in its path to creating a fully decentralized blockchain ecosystem. Once the transition is complete, Cardano will no longer be actively managed by development company Cardano Input Output Global (IOG) but will instead be run entirely by community members.
During the week, the Cardano Foundation launched a tracking page in partnership with Cardanoscan to monitor readiness for one of the largest upgrades in Cardano's history.
Community-run governance has minimal viability. Historical Rise Hints at ADA's Potential Bullish As Cardano prepares for the Chang hard fork, historical performance suggests significant upside potential for ADA.
According to IntoTheBlock, Cardano's native token, ADA, saw a significant spike ahead of its last major upgrade in 2021. Within a month, the price of ADA increased by 130%, from $1.35 to 3.1 dollars.
This historic performance has sparked expectations that the upcoming Chang hard fork could also spur a significant price increase for ADA. The crypto community will be watching closely as July progresses, eagerly awaiting the impact of the Chang hard fork on ADA prices.
Historical precedent has the market wondering: Will the Chang hard fork spur a similar price surge? However, only time will tell us the answer.
At the time of writing, ADA was down 5.1% over the past 24 hours to $0.34.
