đą One more upgrade for Cardano is on the way!
It's The Cardanoâs Chang Fork Upgrade.
What is it all about?
The Chang hard fork is a pivotal update in Cardano's roadmap, scheduled for Q2 2024. This upgrade signifies a paradigm shift for the network, transitioning Cardano from a centrally governed platform to a community-driven one.
But how?
It will bring multiple essential upgrades to @Cardano, including:
- An overhaul of the networkâs infrastructure to handle more transactions efficiently, leading to faster transaction speeds.- Enhanced security measures to shield the network from potential attacks.
What will it be focusing on?
Enhancing governance and scalability.
Key components include:
- Community-Driven Governance : Introducing on-chain consensus where $ADA holders actively participate in decision-making processes.
Ouroboros Leios Protocol : Aims to significantly increase transaction speeds while maintaining high decentralization.
Node 9.0 : This upgrade supports the transition by providing the necessary software updates for validators.
Implementation Phases : The fork will roll out in stages, starting with the selection of Delegate Representatives (DReps), followed by a Constitution Convention, and culminating in a community vote on the Cardano Constitution.
To read about this in detail, click here - https://tradedog.io/all-you-need-to-know-about-cardanos-chang-hard-fork/
#Cardano #ChangFork #CryptoUpgrade #CryptoNews #ADA
