The cryptocurrency sector is always evolving, and upgrades play a key role in this process. Over the weekend, the much-anticipated Chang Upgrade went live in the Cardano ecosystem, bringing new updates and transformations.
Chang Upgrade Launch
The Cardano network announced on its X account that the Chang Hard Fork Upgrade went live after a few delays. According to sources, the upgrade will provide governance rights to Cardano token holders and enable decentralized governance within the network.
Key Features of the Upgrade
The Chang upgrade initiates a new era in the network – the Conway ledger era following the Voltaire era. This recent upgrade includes decentralized governance mechanisms, on-chain voting, and the PlutusV3 ledger language. The upgrade will happen in two phases: the first phase is already live, and the second will be the on-chain decision-making phase.
Cardano (ADA) Price Overview
The Cardano (ADA) token recorded a 2.73% decline over the last 24 hours according to CMC data. In the Asian afternoon hours, ADA traded at a high of $0.3429 before sliding to the current level of $0.3331. The altcoin has shown a 12.93% price dip over the past month. If the token begins to factor in its new use cases and the recent network upgrade, a bullish trend may follow.
With recent changes and improvements, the Cardano network continues to evolve, which could impact the future of the ADA token. However, current price metrics show some volatility that could shift based on further network development.
Comments