Cardano has completed the Chang hard fork

The upgrade marks the beginning of the Conway registry era and the network’s transition to decentralized governance. ADA holders will be able to determine the future of the network by voting.

“Today’s Chang hard fork marks a major milestone for the Cardano blockchain, ecosystem, and community — fulfilling the promise of a truly self-governing, decentralized network,” the Cardano Foundation said in a statement.

The first phase of the upgrade involves the launch of the Interim Constitutional Committee to oversee the system. However, its powers are limited, presumably for 90 days, to “ensure security and continuity” until a governance model is developed.

The second phase is planned to launch a new structure. With the upgrade, users will be able to use Plutus scripts for governance, including mechanisms such as DAO voting. Ecosystem participants will be able to participate directly or delegate their powers.

“[…]it is the biggest event in Cardano history, and it really makes us different from many other chains. I think we are the largest layer 1 with on-chain governance,” Cardano Foundation CTO Giorgio Zinetti told CoinDesk.

Interestingly, the upgrade hasn’t had any impact on the ADA price. The cryptocurrency has fallen by 3% in the last 24 hours.

Cardano creator Charles Hoskinson has been proposed for removal from the project

This unconventional proposal was voiced by Mynth platform founder Robert Roose, citing the possibility of “increasing decentralization.”

“Because my belief is that Cardano will become stronger without a central leader. It’ll help differentiate against Ethereum. I see that Cardano is being held back, and it’s time to let go. This ultimately has been a huge social experiment, so let’s play it out fully and see where it leads,” the Mynth founder said.