1. Understanding Full Decentralization
2. Basics of Chang Hard Fork and the Voltaire Era
3. Next Steps and Challenges

The Chang hard fork on the Cardano platform, launched on September 1, 2024, marks a significant step towards the full decentralization of the blockchain, based on the vision of its creator, Charles Hoskinson.

Understanding Full Decentralization

Giorgio Zinetti, the CTO of Cardano Foundation, described in his August 29, 2024 article the aspiration of Cardano towards full decentralization, where governance is handed over to the blockchain community and ecosystem. Voltaire represents the final phase in Cardano's evolution, introducing community-driven governance mechanisms.

Basics of Chang Hard Fork and the Voltaire Era

The Chang hard fork introduces a new era of governance for the Cardano blockchain, allowing ADA holders to vote on proposals and project funding. The Voltaire era includes a voting and treasury system, ensuring the self-sustained development of Cardano. DReps (delegated representatives) will represent ADA holders in the governance process, while the Constitutional Committee will safeguard the Cardano constitution.

Next Steps and Challenges

The introduction of the Chang hard fork opens up numerous scenarios and possibilities. For instance, the new governance system may attract more developers and users to the Cardano platform. However, challenges will arise, related to technical issues, community adaptation, and potential ADA price volatility. Another key element is that DReps must have the knowledge and skills to represent the community's interests and make fair decisions.

The epoch of Voltaire in Cardano, initiated by the Chang hard fork, opens new horizons for decentralized governance. Achieving full decentralization requires tremendous effort and addressing many challenges but also promises significant development and innovation for the entire ecosystem.