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Godfrey Benjamin

The Cardano Chang Hard Fork is Looming: Here’s the Potential ETA

Cardano (ADA) is gearing up to implement the Chang hard fork, one of its most significant upgrades. Recent developments suggest that the launch may be closer than initially anticipated.

According to updates from Cardano Feed on X, approximately 72% of network nodes, including stake pool operators (SPOs), have indicated their readiness for the Chang hard fork.

These SPOs have prepared for the upgrade by installing the latest Cardano Node 9.1.0 software, which is necessary for the Chang hard fork. This represents a significant milestone for the eagerly awaited upgrade. Tracking sites also report that Bitfinex, a major cryptocurrency exchange, is well-prepared to support the upgrade. The primary goal of this upgrade is to shift the direct management of the blockchain from Cardano’s development firm, IOHK, to ADA holders, thereby decentralizing control and involving the community more actively in the network's development.

The Chang hard fork will usher in the Voltaire Era, focusing on decentralized governance. As some of Cardano's competitors have already adopted this approach, the upgrade is crucial for the protocol's future.

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Chang Hard Fork Upgrade Coming in a Few Weeks

The exact timing of the upgrade is still uncertain, but it is expected to occur before the end of August. As of Thursday, 69% of stake pool operators (SPOs) had installed the Cardano Node 9.1.0 software; however, this figure rose to 72% just two days later. At this pace, it's likely that all SPOs will be updated within the next three weeks.

The anticipation surrounding the Chang hard fork upgrade has positively impacted ADA's price. Over the past 24 hours, the cryptocurrency has seen a 0.90% increase in market value. According to CoinMarketCap, ADA is currently trading at $0.3477.

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