Significant updates are coming to the Cardano blockchain. The founder of Cardano has announced that a new node will be launched this month, marking a critical step towards the next major hard fork, named “Chand.”
This highly anticipated event is not merely a technical upgrade but a leap towards decentralized governance within the ecosystem. As previously mentioned, Hoskinson explained that for the hard fork to proceed, about 70% of stake pool operators need to transition. He envisions widespread participation in Cardano’s management, facilitated by its advanced blockchain governance system. This development has profound implications for Cardano’s evolution into a global decentralized community.
Increased community engagement will shape Cardano’s future. With the introduction of delegated representatives, community members can represent their interests in the governance process.
Furthermore, the upcoming Cardano Constitutional Conference in Argentina’s capital will play a crucial role. Governance representatives from various regions will collaborate to draft the first constitution, laying the foundation for decentralized governance principles.
Ratifying this constitution through a community-wide vote will underscore Cardano’s path towards decentralized governance and set a precedent for blockchain projects worldwide.
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