Cardano prepares for Chang hard fork

The Cardano Foundation has unveiled a comprehensive governance reform framework to coincide with the upcoming Chang hard fork.

This strategic initiative marks a transition to a decentralized management structure within the Block the ecosystem Cardano , aiming at a fairer distribution of decision-making powers among stakeholders.

The network itself, known for its scientific approach to development and its strong focus on security and sustainability, is gearing up for the Chang hard fork, which is expected to be one of its most significant upgrades. This update represents not only a technical advance, but also a key move toward a decentralized governance model long awaited by the ADA community.

The Cardano Foundation is preparing for the Chang hard fork

According to the information the Cardano Foundation's transition plan includes the introduction of a governance model consisting of Delegate Representatives (DReps), Stake Pool Operators (SPOs) and a Constitutional Committee. This model aims to ensure the comprehensiveness, diversity and balance of power that are critical to the long-term stability and integrity of decentralized networks.

During the startup phase between the Chang #1 and Chang #2 upgrades, management actions will be limited to parameter changes, hard fork initiation, and informational actions. This phase is essential to maintain the stability and security of the network until the governance structures are fully established.

During this transitional phase, the Foundation will be part of the Interim Constitutional Committee (ICC). The ICC will have the authority to independently approve changes to the protocol parameters and jointly with the SPO to initiate the necessary hard forks. The committee will also interpret the Cardano Constitution, review governance actions, ensure transparency and fairness, and support initial governance structures.

In the recent ICC elections, the Foundation used its significant share of 20 million ADA tokens to vote. The elections were intended to select candidates who best represented the founding principles of the new governance model. Candidates were evaluated based on their commitment to the community, adherence to constitutional principles, transparency and technical expertise in Blockchain technology.

Among the top rated candidates were Cardano's Atlantic Council, Cardano's Eastern Council and the likes of Lloyd Duhon and Johnny Kelly. This diverse group is expected to effectively represent the various interests within the ecosystem.

Commitment to transparency

The foundation emphasized transparency throughout the election process, allowing stakeholders to track voting and fund distribution through platforms such as pool.pm. This transparency is in line with the wider commitment to building trust and ensuring that the transition to governance is carried out openly and fairly.

Overall, the Chang hard fork represents an important milestone for Cardano that reinforces its commitment to decentralized governance and the principles of inclusion, diversity, and stability in its blockchain ecosystem.