Cardano Chang Upgrade #2
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6
Mo. Ago
Event Date: Monday, December 30, 2024
Event Time: 12:00 CET
Cardano Follows Up With Chang Upgrade #2
EVENT ENDED
Cardano is a blockchain platform designed to host decentralized applications and contracts with security and scalability at a low cost. Following the release of the Alonzo hard fork in September 2021 and the Vasil hard fork on September 22, 2022, Cardano is entering the Voltaire era of decentralized governance. After the Chang Upgrade #1, the community is preparing for Chang Upgrade #2 which finalizes the on-chain governance features, enabling Delegated Representatives (DRep) participation and all governance actions. This upgrade marks the conclusion of the technical bootstrapping phase of CIP-1694.set for August 2024. This update will introduce on-chain governance mechanisms, enabling the Cardano community to directly propose and vote on critical decisions. The Chang hard fork will be rolled out in two phases: Phase 1 will upgrade to Node 9.0.0, and Phase 2 will complete the upgrade with the transition to Node 9.1.0, which includes the Genesis file. This update is crucial for exchanges, DApp developers, and Stake Pool Operators (SPOs).
Updated Thursday, August 1, 2024
ADA/USD Factors Affecting Cardano Prices
ADA has been bearish since November 2021 as our analysts explained in the 2021 Cardano forecast, but might see dome benefits from this update. We have seen some bullish attempts in recent weeks for Cardano, although this update might have already been priced in by the time it is announced. This means that we might see some bullish pressure in the ADA coin leading to this event.<% indicator.indicator_name %>
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About Cardano Chang Upgrade #2
Cardano, which is a public blockchain platform was founded in 2015 by Ethereum co-founder Charles Hoskinson and was launched in 2017. It uses the proof-of-stake (PoS) protocol to validate transactions occurring on its network and create blocks. It is designed to reduce energy consumption during the mining/block production process. It has its own token called ADA which operates on the settlement layer and keeps track of transactions. After the Alonzo hard fork which was released in September 2021, the Vasil hard fork is set to be launched on June 30.
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