Cardano Activates Chang 1 Upgrade: Beginning a New Era of Decentralized Governance

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Activation of Chang 1 Upgrade
  2. Charles Hoskinson's Commentary
  3. Ouroboros Genesis Update


    4. Cardano recently activated the Chang 1 upgrade, marking the beginning of a new era of decentralized governance. Cardano founder Charles Hoskinson shared his thoughts and enthusiasm as the network progresses towards a more decentralized and community-driven governance model.

    Activation of Chang 1 Upgrade

    The Chang 1 upgrade is the implementation of CIP-1694, marking a significant shift towards a more decentralized, community-driven governance model and propelling Cardano into the Voltaire phase. This CIP proposes and details the transition of Cardano governance from the founding entities Input Output Global (IOG), Cardano Foundation, and Emurgo to the Cardano community.

    Charles Hoskinson's Commentary

    As part of this shift, the last IOG centralized Shelley relays on the DNS name are now facing a shutdown.

    Bootstrap peers are taking the long walk in a few months as we roll out Genesis. No hard fork required for Genesis.Charles Hoskinson

    Ouroboros Genesis Update

    Ouroboros Genesis is a set of improvements to the already robust Ouroboros protocol that includes countermeasures to safeguard network nodes when they are new or return after an absence. Genesis will allow retiring the bootstrap peers, thereby decentralizing the infrastructure for syncing nodes. Ouroboros is the consensus protocol that powers the Cardano blockchain. Given Cardano's ongoing development and increasing use, Ouroboros has moved forward with its planned upgrade path. Ouroboros' development will take a step further with the release of Ouroboros Genesis, scheduled for late 2024.

    The Chang 1 upgrade and subsequent enhancements like Ouroboros Genesis demonstrate Cardano's commitment to decentralization and network resilience through innovation and community involvement.

Tier I

Sector: #18291

Sealed Cache Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, caches will be stored in your inventory and can be opened with Keys.

Other news

PONS Token Surges on Robinhood Chain

chest

The PONS token has seen a significant increase in value and market capitalization on the Robinhood Chain, with a price rise to 0.5978 and a market cap exceeding 430 million, marking a 3182% increase in just 24 hours.

user avatarMiguel Rodriguez

Ecb Releases New Report on Editorial Standards

chest

The European Central Bank has published a report emphasizing its strict editorial policy that focuses on accuracy, relevance, and impartiality.

user avatarLuis Flores

New Report Released Based on Sec Information

chest

A report has been generated based on the information released by Sec. This release aims to inform the public and increase awareness of the information provided.

user avatarArif Mukhtar

Metaplanet Acquires Additional 1,007 Bitcoin, Reaches 20,000 BTC Milestone

chest

Metaplanet has acquired an additional 1,007 Bitcoin for $69 million, reaching a total of 20,000 BTC.

user avatarMaria Gutierrez

New Editorial Guidelines Introduced to Guarantee Accurate Reporting.

chest

A new editorial policy has been launched that emphasizes accuracy, relevance, and impartiality in all reports.

user avatarDavid Robinson

Jim Cramer Proposes Major Nvidia Stock Buyback

chest

Jim Cramer suggests Nvidia should quintuple its stock buyback authorization to $500 billion.

user avatarAndrew Smith

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.