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Cardano will undergo a 'Chang hard fork' upgrade on September 1st, introducing on-chain governance functionality.
PANews August 29th news, according to CoinDesk, the Cardano blockchain is about to undergo its largest upgrade in two years, the “Chang” hard fork, which introduces on-chain governance. ADA holders will be able to elect representatives (dReps) and vote on improvement proposals and future technical changes. The upgrade was originally scheduled for this week, but has been postponed to September 1st because some exchanges need time to prepare their systems. The Chang hard fork is part of Cardano’s “Voltaire era”, aiming to achieve a self-sustaining blockchain system managed by the community. The upgrade also includes a core improvement proposal CIP-1694, which will strengthen community control over the network through governance structures such as the constitutional committee, dReps, and staking pool operators.