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Cardano (ADA) Chang hard fork to launch after reaching 70% of nodes
The post Cardano (ADA) Chang hard fork to launch after reaching 70% of nodes appeared on BitcoinEthereumNews.com. Cardano (ADA) reached the conditions to launch the long-awaited Chang hard fork. More than 70% of nodes are signaling the new chain version, which may lead to the imminent announcement of the hard fork. Cardano (ADA) may complete the most long-awaited event in 2024, introducing the Chang hard fork. The condition was that at least 70% of nodes would signal readiness. The main goal of the fork is to upgrade Cardano and allow even more decentralized coordination between nodes. The actual fork will not be centrally coordinated and will depend on nodes using the 9.1.0 version. The Cardano community is still waiting for centralized services like Coinbase and Binance to also upgrade their nodes for the new features. Several exchanges have also moved their nodes to the new version. The Chang hard fork has been in the making for months, and was expected to arrive in June. In the past few weeks, nodes accelerated the adoption of the new version. The Cardano Chang fork also coincided with a price recovery, where ADA tokens returned to $0.34. ADA has traded sideways for years, awaiting a change to the network that would make it competitive. After the node updates, Cardano will have a new constitution proposed by the Intersect organization. The governance will also have a seven-member interim constitutional committee, with three representatives from the community. At the second stage of the Chang hard fork, Cardano will also select delegates who will vote on behalf of ADA holders. Currently, ADA can only be locked for simple staking and passive income, but in the future, wallets will be able to push proposals. Charles Hoskinson, the creator of Cardano, has spent over a decade building a community. Cardano’s lofty goal is to become a decentralized nation, which now has to draw up its constitution.…
The post Cardano (ADA) Chang hard fork to launch after reaching 70% of nodes appeared on BitcoinEthereumNews.com.
Cardano (ADA) reached the conditions to launch the long-awaited Chang hard fork. More than 70% of nodes are signaling the new chain version, which may lead to the imminent announcement of the hard fork. Cardano (ADA) may complete the most long-awaited event in 2024, introducing the Chang hard fork. The condition was that at least 70% of nodes would signal readiness. The main goal of the fork is to upgrade Cardano and allow even more decentralized coordination between nodes. The actual fork will not be centrally coordinated and will depend on nodes using the 9.1.0 version. The Cardano community is still waiting for centralized services like Coinbase and Binance to also upgrade their nodes for the new features. Several exchanges have also moved their nodes to the new version. The Chang hard fork has been in the making for months, and was expected to arrive in June. In the past few weeks, nodes accelerated the adoption of the new version. The Cardano Chang fork also coincided with a price recovery, where ADA tokens returned to $0.34. ADA has traded sideways for years, awaiting a change to the network that would make it competitive. After the node updates, Cardano will have a new constitution proposed by the Intersect organization. The governance will also have a seven-member interim constitutional committee, with three representatives from the community. At the second stage of the Chang hard fork, Cardano will also select delegates who will vote on behalf of ADA holders. Currently, ADA can only be locked for simple staking and passive income, but in the future, wallets will be able to push proposals. Charles Hoskinson, the creator of Cardano, has spent over a decade building a community. Cardano’s lofty goal is to become a decentralized nation, which now has to draw up its constitution.…
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