Cardano Gets Ready for Big Change with Chang Update

The Cardano network is about to make a giant leap forward. Developers just released new software for the people who run the network. This Node 9.1.0 update will help Cardano move into a new era where its users will control the network.

Cardano Node 9.1.0 documentation. Source: GitHub

The new software fixes some problems and includes a file called the Chang hard fork needed for a significant change. The network can change this when 70% of its operators use the new software. So far, 11% have upgraded, but work is still being done on other tools.

A group called Intersect Cardano says this update will change Cardano a lot. It sets up the basics for people to directly decide about the network on the blockchain. This will happen in two stages. The first stage will let everyone test out new features, following a plan published in November 2022.

What will Chang do? It will create new ways for people to govern Cardano. It will set up a committee and representatives to vote for people who own Cardano’s ADA coins. The people who run network nodes will also get new decision-making roles. Users will be able to make suggestions and vote right on the blockchain.

Cardano’s Voltaire Update: Empowering Users and Boosting Value

Cardano’s last significant update was in September 2022. It made the network faster and better at running smart contracts. Before that, an update in September 2021 brought intelligent contracts to Cardano.

The Chang update was supposed to happen a month ago, but it got delayed. This might be because of a cyber attack in June that needed some fixes.

This update is part of Cardano’s final planned stage, called Voltaire. In this stage, network control will move from the company that created it to the community of users.

Cardano is currently worth about $14 billion in the crypto market. This update, which gives users more power, could make it even more valuable.

The Cardano team is working hard to ensure that this big change goes smoothly. They want to create a network where everyone has a say in how things work. As more operators upgrade their software, Cardano gets closer to this new era of community control.

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