Emurgo, the main organization behind Cardano, has laid out its plans for 2024, including the significant Chang hard fork planned for the first half of the year. This hard fork represents a major step towards transitioning to community-based governance, highlighting Cardano's commitment to decentralization in the blockchain space.
The Chang hard fork is a key part of Cardano's strategic roadmap, initiating the early stage of implementing a governance model. This hard fork introduces a new consensus mechanism that allows ADA holders to actively shape the network's development. According to Charles Hoskinson, the founder of Cardano, following the successful implementation of staking, the next step will be to establish decentralized governance. The transition to the Voltaire era, as outlined in proposal CIP-1694, reflects Cardano's ambition to achieve full community governance by 2024, including workshops, conferences, and voting.
In addition to governance, Cardano's plans for 2024 also include expanding tokenization, fostering an environment conducive to the growth of decentralized applications in the DeFi and NFT sectors. A unique feature of Cardano is the ability to issue tokens without smart contracts, simplifying the entry of brands and creators into the Web3 space. Furthermore, Cardano aims to support the development of third-party dApps and enhance interactions with other blockchain ecosystems, reinforcing its commitment to collaborative innovation.
