Cardano Chang Hard Fork launches next week: Here are the upcoming changes

Cardano's Chang Hard Fork is Set for Launch on July 16th.Charles Hoskinson and other leaders will step down from leadership roles.

Cardano’s Chang Hard Fork, set to launch on the 16th of July, will see co-founder Charles Hoskinson step down.Chang is part of the Cardano Roadmap that includes five periods: Byron, Shelley, goguen, basho, and Voltaire. The current era involves governance and will kickstart following the launch of the Chang Hard Fork.

According to the Cardano team, the Chang Hard Fork will be critical in transforming Cardano’s governance through a constitutional order comprising on-chain voting and democratic rights.He further added,Further, Hoskinson explained how the Cardano community would have a say in governance. Where the community will vote for the budget and other activities.

Based on the current interim constitution, the leaders will work towards a constitutional convention in Argentina at the end of the year. Under the new government, Charles Hoskinson will not work as part of the on-chain government but will remain as part of the development team.Chang Hard Fork’s main goal is to introduce community-centered governance. The use of community-run governments hopes to achieve complete decentralization for the Cardano blockchain.The Chang hard fork is very significant within the blockchain ecosystem.

Therefore, the success of this model will set a precedent in the blockchain industry to avoid the issues arising from the centralized governance that blockchain seeks to prevent.Gladys is a passionate crypto-enthusiast and price analyst. With 3 years of experience in the blockchain space, she's well aware of the prevailing market trends. Gladys is uniquely committed to providing insightful and real-time content to the larger crypto-community.Subscribe to get it daily in your inbox.

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