Coinspeaker Cardano Chang Hard Fork Is Here, What to Expect?
The much-anticipated Chang Hard Fork upgrade finally came with the launch of Cardano node 9.1.0. On July 25, Intersect announced the debut of the final version to bring on-chain decision-making to Cardano. According to the Cardano ecosystem member-based organization, this upgrade, like every other hard fork, came because the community is ready for it.
Cardano Chang Hard Fork Upgrade Requires Conway Genesis File
Cardano founder Charles Hoskinson identified the latest upgrade as the “end of the line” that ushers in the Chang Hard Fork. This recently introduced node is different from its predecessor node v9.0.0 due to its requirement of Conway genesis file at startup. With Node 9.0.0, this file is quite optional even though it is a necessity to cross the Chang Hard Fork.
Therefore, this makes node 9.1.0 the required upgrade for this last phase. It is also a major win for Stake Pool Operators (SPOs), as it marks the upgrade of the validating node software that they operate. The Chang Hard Fork upgrade is a major milestone for the Cardano ecosystem. Markedly, the protocol believes in the capacity of the upgrade amongst others to advance its infrastructure.
It is all in fusion with the popular Voltaire upgrade aimed at transforming Cardano into a truly decentralized network. Cardano planned the implementation for June with so many resources and mini upgrades.
“It looks like June will be the month that Cardano Node will reach 9.0. This means that Cardano is Chang fork ready and waiting for 70 percent of the SPOs to install the new node. Then, a hard fork can occur pushing Cardano into the Age of Volta,” Hoskinson said. “We’ll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us.”
Chang Hard Fork Upgrade Stall Till July
The node reached 9.0.0 but needed to progress to 9.1.0 where the Conway genesis file is a requirement. Hence, it pushed beyond the scheduled date to where Cardano is present. After these node validations and upgrades, the plan is to evolve into a backward-incompatible version, or basically a hard fork.
This would bring in a new era of Voltaire. Once this is achieved, Cardano development firm IOHK will no longer be saddled with the direct responsibility of managing the seven-year-old blockchain. Instead, full control and operation will be entrusted to community members.
Meanwhile, Cardano introduced a new governance model a month ago, making the ecosystem more decentralized. The new governance model’s design “ensure inclusivity and diversity while providing checks and balances through delegate representatives (DReps), stake pool operators (SPOs), and a constitutional committee”.
Amidst all of these upgrades, the price of ADA has improved. The token is up by 4.85% and currently trading at $0.4133.
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Cardano Chang Hard Fork Is Here, What to Expect?
