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Cardano Implements 'Chang' Hard Fork at Block 10,764,778 on September 1, Embracing Decentralized Governance

Sep 2, 2024, 03:35 AM

Cardano has successfully implemented the 'Chang' hard fork at block 10,764,778, marking a significant transition to decentralized governance. The upgrade, which went live on September 1, introduces on-chain governance features, allowing ADA token holders to vote on development proposals. This move is part of Cardano's strategic shift towards community-driven governance, as it enters the Voltaire era. The upgrade is facilitated by CIP-1694, which establishes new governance structures. Cardano, a $13 billion blockchain, sees major exchanges like Binance announcing their support for the upgrade, underscoring its importance in the blockchain ecosystem.