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

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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.

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