Cardano (ADA) is set to launch the long-anticipated Chang hard fork, with over 70% of nodes announcing their readiness. This milestone indicates that the fork, aimed at improving decentralization and coordination among nodes, may be announced soon.
Chang is a significant update for Cardano, aimed at enhancing network decentralization without central supervision. It relies on nodes running version 9.1.0, and its success depends on wider adoption of these nodes.
While some exchanges have already updated their nodes, the community is still awaiting upgrades from major services such as Coinbase and Binance.
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In the second phase of the hard fork, ADA will introduce a new governance model proposed by the Intersect organization, which includes a temporary constitutional committee composed of seven members representing the community. This phase will also enable altcoin holders to actively participate in governance, transitioning from simple staking to proposing and voting on future changes.
Cardano’s founder, Charles Hoskinson, continues to develop the project with the vision of establishing a decentralized network and eventually drafting its own constitution. The total supply of the network is capped at 4.5 billion ADA, with 100 million ADA reserved in a treasury for allocation based on community voting to balance any potential dilution effects.
