Cardano Rises 8% As Hoskinson Reveals Launch Date For Highly Anticipated Chang Fork

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Cardano Rises 8% As Hoskinson Reveals Launch Date For Highly Anticipated Chang Fork - NewsBTC

Quick Summary:

The first stage of the Chang upgrade, dubbed Chang Upgrade #1, will introduce core governance features to the Cardano blockchain, marking the beginning of the “technical bootstrapping phase” as per CIP-1694. The second stage, Chang Upgrade #2, will further expand these governance implementations, effectively transitioning out of the bootstrapping phase and activating the comprehensive features outlined in CIP-1694.

Intersect Unveils Timeline For Chang Hard Fork As earlier reported by Bitcoinist, the Cardano ecosystem’s key member-based organization, Intersect, has announced that the Chang hard fork working group has reviewed the progress and community feedback, paving the way for the formal proposal of the upgrade’s launch timeline.

The Chang hard fork, described as a significant evolution for the Cardano network, is set to establish a minimum viable on-chain governance system as outlined in CIP-1694.