Chang brings changes to the ecosystem's governance and technical improvements, propelling Cardano closer to a fully decentralized status..
ecosystem is gearing up for a key milestone in the form of the Chang hard fork, which will strengthen the network’s scalability governance structure and overall performance. In fact, the Chang hard fork working group todayCardano-focused educational resource Intersect informed in a bulletin on X that the group has set a tentative target date of 27 August for Chang on the production mainnet. A final go/no-go decision on the hard fork will be communicated prior to that on Friday, 23 August.
The technical team also highlighted 3 September as the alternative ideal window for the hard fork, if the proposed dates are not viable.Chang will introduce governance and scalability improvements to Cardano by implementing the Cardano Improvement Proposal 1694. The proposal empowers ADA holders with a more democratic say in the future development and upgrades of Cardano. On the technical side, the hard fork will enhance the network’s throughput and overall efficiency.
The desired thresholds for the implementation of the first phase of Chang hard fork are 70% of the nodes updating to v9.1.0 and at least 80% of exchange liquidity to effectively process transactions and operations. Last week, Cardanohave been improving since, but liquidity still lags, with the same at 34.8% at press time as per Cardanoscan data. 21 exchanges have attained ‘Ready’ status to support the Chang hard fork while 19 others, including Binance, are still in the process of being so.
The lead-up to Chang’s implementation has already sparked a resurgence of optimism around the network. For instance, market intelligence platform SantimentNews of the Chang hard fork’s target dates have delivered a mild boost to ADA as far as the midweek’s spot market action is concerned too.On the 4-hour chart, the Moving Average Convergence Divergence indicator showed strengthening upward momentum.
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