Thetwo-phaseChangHardForkintroducesdecentralizedvotingandgovernancefeaturestostrengthenCardano’scommunity-leddecisions.
Scheduledformid-October,Cardanonodev10willenableextensivetestingaheadoftheNovemberhardfork.
PhasetwowillempowerCardano’sStakePoolOperators(SPOs)tovoteusingdelegatedstake,enhancingdecentralizedgovernance.
Cardano’slatestnetworkupgrade,theChangHardFork,hasbeguntransformingtheblockchain’sgovernancestructureanddecentralizationfeatures.Knownasatwo-partprocess,theChangHardForkintroducesessentialupgradesthatsupportCardano’saimofdecentralization.
💥TheCardanoblockchain\'stwo-partChangHardForkisasignificantupgradetoenhancenetworkfunctionalityanddecentralizedgovernance.ThelaunchofthefirstphaseofChangHardForkbroughtcrucialimprovementssuchasempoweringtheInterimConstitutionalCommittee.
The…pic.twitter.com/0QPIpvZDOp
—EMURGO(@emurgo_io)October29,2024
Thefirstphase,Chang1,launchedonSeptember1,setthestagefortheproject’sInterimConstitutionalCommittee,whichwillplayacentralroleinCardano’sgovernancedecisions.
Thesecondphase,Chang2,setforNovember2024,willintegratesubstantialgovernancetoolsintoCardano,requiringfivecriticalon-chainactionstoenhanceitsdecentralizedframework.
TestingofCardanoNodev10StartsinOctober
Tosupportthesecondphase,Cardano’sdevelopmentteamhasscheduledthereleaseofnodev10fortestinginOctober.Thistestingphasewillevaluatenetworkperformanceandstabilityacrossvariousenvironments.TheupgradepreparesCardanofortheNovemberhardfork,advancingitintothedecentralizedgovernanceeraofVoltaire.
Thismeticulousapproachtonetworktestingreflectstheimportanceoftheupcominghardfork,whichwillsolidifythenetwork’sgovernanceprotocols.Nodev10issettocompletetheChangupgradebyoptimizingtheblockchain’sfunctionalityandpreparingitforthegovernancefeaturesexpectedinNovember.
TheChang2upgradewillintroduceDelegateRepresentative(DRep)Voting,anewvotingmechanismaimedatempoweringcommunityparticipation.ThismechanismwillallowDRepstoactaskeygovernancerepresentativesfortheCardanocommunity.DRepsandSPOswillgainvotingpowerbasedontheirstake,playingamoreactiveroleinCardano’sgovernance.
Theupgradeintroducestreasurywithdrawalcapabilities,supportingapprovedgovernanceactionsdirectlyfromCardano’streasury.ThisfunctionenablesthecommunitytoproposegovernanceactionsbymakingasmallADAdeposit,refundedafterthevotingperiod.ThesegovernanceactionswillbevotedonbyDRepsandSPOstoalignwiththeCardanocommunity’svision.
cryptonewsland.com