Cardano Enters ‘Voltaire Era’ with Chang Hard Fork, Initiates On-Chain Governance
Jimmy has nearly 10 years of experience as a journalist and writer in the blockchain industry. He has worked with well-known publications such as Bitcoin Magazine, CCN, Business2Community, and...
Cardano took a major step toward decentralized governance with the successful implementation of its Chang hard fork on September 1.
The Chang hard fork represents the beginning of Cardano’s Voltaire era, a crucial step towards achieving fully decentralized governance. A hard fork is a permanent divergence from a blockchain protocol, indicating a major change or upgrade that is not backward-compatible.
Today's Chang hard fork marks a major milestone for the Cardano blockchain, ecosystem, and community––fulfilling the promise of a truly self-governing, decentralized network.
Welcome to a new era of decentralized governance: Voltaire. ⚖️ https://t.co/sE0iyRKLg9 pic.twitter.com/dA0JkgYOio
This upgrade empowers ADA token holders to elect representatives and vote on key development proposals, fundamentally changing how decisions are made within the Cardano ecosystem.
According to the roadmap, the hard fork is being rolled out in two distinct phases. The first phase, which is already live, introduced the Constitutional Committee, tasked with overseeing the governance transition.
The second phase, which will be fully implemented by 2025, will introduce Delegate Representatives (DReps) and an on-chain voting system.
In addition to governance changes, the upgrade includes the activation of Plutus v3.
This enhancement improves smart contract efficiency and introduces new cryptographic primitives, further solidifying Cardano’s technical capabilities.
Notably, the governance model outlined in CIP-1694 introduces three key bodies: the Constitutional
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