Cardano’s community is excited about the Chang hard fork, despite it being delayed from its original Q2 2024 release. Charles Hoskinson, co-founder of Cardano, has hinted that the upgrade will advance community governance and move Cardano closer to true decentralization.
The Chang upgrade, part of the Voltaire era, is set to bring new voting and treasury systems to make the project self-sustaining. Although the hard fork is now expected in the second half of 2024, Hoskinson reassured everyone on X (formerly Twitter) that it will include Cardano Improvement Proposal (CIP) 1694, staying true to the project’s goals.
Charles Hoskinson Updates Cardano Community on Chang Hard Fork Progress
In a recent AMA session on X, Charles Hoskinson provided an update on several Cardano initiatives, focusing on the progress of the Chang hard fork. According to Hoskinson, the hard fork is nearly ready, with the project “basically there” for launch.
He hinted that Chang could potentially go live in mid-July, assuming no unforeseen issues arise. Hoskinson also mentioned that the development of Chang has been ongoing for nearly two years and is now approaching completion despite facing several challenges.
Cardano Prepares for Chang Hard Fork Amid Growing Optimism
Charles Hoskinson recently discussed the progress of the Chang hard fork during an AMA session on X, revealing that the project has overcome several challenges. “It’s been a long last few years, and we got jammed up in a few things, but we’ve managed to unjam those things as an ecosystem,” said Hoskinson. He noted that achieving governance with CIP 1694 has taken about two years of work.
Hoskinson stated that the network is now “fork-ready” for code implementation, generating excitement among investors who are hopeful for a rally similar to the one seen after the Alonzo hard fork in 2021, which drove ADA to an all-time high of $3.10. Analysts are drawing parallels between the Chang and Alonzo hard forks, noting similarities in their functionalities, delays, and potential for price increases.
As the hard fork approaches, ADA has mostly traded sideways, showing a 2% increase over the past 24 hours. However, experts are calling this period the “calm before the storm,” anticipating increased market activity leading up to the launch.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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