Intersect recently disclosed the timing for Cardano's Chang hard fork. The update is scheduled for August 27, with a final decision due August 23. This upgrade attempts to improve protocol efficiency and governance.
Preparations have already started. 80% of Stake Pool Operators have updated version 9.1.0, which meets the necessary criteria. However, exchange liquidity remains a worry, with just 28% improved against an 85% objective.
The hard fork procedure consists of a sequence of governance steps that begin four days before the event. A pre-production hard fork on August 22 will be the last test.
Cardano's founder, Charles Hoskinson, expressed enthusiasm for the update. He claims it is relevant for the governance process. Input Output has published Daedalus 6.0.0, a required upgrade for all users to support the Chang hard fork.
The Chang improvement will occur in two stages. The first offers introductory governance elements, while the second completely activates CIP-1694's extensive functionality. his update is a key milestone in Cardano's progress since it establishes a minimum feasible on-chain governance mechanism. At the time of writing, ADA was trading at the $0.35 level.
