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 Hiding Place 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, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Jay Clayton Transitions from Crypto Regulation to AI Leadership

Jay Clayton transitions from regulating cryptocurrency to leading U.S. government's AI initiatives.

user avatarDavid Robinson

Trump Launches New Task Force to Lead in Artificial Intelligence

President Trump has announced the creation of a Super Intelligence Force to coordinate federal efforts in maintaining U.S. leadership in artificial intelligence.

user avatarAndrew Smith

Getty Images Stock Trading Suspended by NYSE

The New York Stock Exchange has suspended trading of Getty Images stock as of September 29, 2023, due to the company's ongoing financial issues and significant debt.

user avatarJacob Williams

Getty Images Faces Bankruptcy Risks Amid Rescue Financing Talks

Getty Images is in confidential discussions with lenders for a rescue financing deal, which may lead to bankruptcy and a lender takeover.

user avatarZainab Kamara

Tavus Launches Griffin, a Revolutionary AI for Human Interaction

Tavus introduces Griffin, an AI model that convincingly simulates human conversation during live video calls.

user avatarAyman Ben Youssef

Griffin Outshines Previous AI Models in Live Conversation Tests

Griffin outperforms its predecessor GriffinLite and other AI models in live conversation tests.

user avatarSon Min-ho

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.