Cardano Enters the Era of Decentralized Governance with the Completion of "Chang Hard Fork Phase 1"

Cardano (ADA) has achieved a major milestone by completing the first phase of the Chang Hard Fork on September 1, 2024, marking its entry into the Voltaire era, the final stage of its development.

Discover the latest developments and what lies ahead for Cardano in this new era.

The Final Phase of Cardano Development: The "Voltaire Era"

On September 1, 2024, Cardano (ADA) successfully executed the first phase of the "Chang Hard Fork," marking the beginning of the final stage of its development, known as the "Voltaire Era."

Cardano's roadmap is divided into five distinct phases: Byron, Shelley, Goguen, Basho, and Voltaire. While some phases were developed in parallel, this latest upgrade officially signals Cardano's transition into its final development phase.

The Voltaire phase is a critical stage where various elements are integrated to transform Cardano into a "truly autonomous and decentralized blockchain project." The Chang Hard Fork represents the first major upgrade within this phase.

This upgrade is pivotal as it fully implements "decentralized governance," allowing all ADA holders to have a say in the governance and decision-making processes of the Cardano project.

Previously, three main organizations—Input Output, Emurgo, and the Cardano Foundation—held a combined total of seven critical keys with a "3:2:2" distribution ratio. It was reported that these keys were disposed of at the end of last month, further decentralizing control.

Cardano's Decentralized Governance Model

Under Cardano's new decentralized governance model, ADA holders can shape the future of the platform by voting on development proposals and electing governance representatives.

The governance structure will consist of three key bodies, enabling ADA holders to either delegate their voting rights to DReps (Delegated Representatives) or vote directly on crucial decisions:

• Constitutional Committee
• Delegated Representatives (DReps)
• Stake Pool Operators (SPOs)

Moving forward, Cardano plans to transition to a community-led governance model, supervised by an interim committee over the next 90 days.

At the end of this period, the "Chang Hard Fork Phase 2" will commence, fully transferring authority to the newly established governance bodies, including the three aforementioned entities.

As Cardano progresses further into the Voltaire era, the frequency of updates on decentralized governance is expected to increase, drawing significant attention to the platform's ongoing developments.

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