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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.
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New governance rules implemented • 25%
Existing governance rules upheld • 25%
Compromise solution reached • 25%
No significant changes • 25%
Two-factor authentication • 25%
Biometric verification • 25%
IP address whitelisting • 25%
Other • 25%
Token Locking Period • 25%
Minimum Voting Quorum • 25%
Delegated Voting • 25%
Other • 25%
Yes • 50%
No • 50%
Veto Committees • 25%
Dual/Multi-token Voting Systems • 25%
Check-and-Balance Mechanisms • 25%
Other • 25%
Yes • 50%
No • 50%
Security Enhancements • 25%
Token Redistribution • 25%
Governance Structure Change • 25%
Other • 25%