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The Cardano (ADA) blockchain officially rolled out its long-awaited Chang hard fork, ushering in a new era of decentralized governance for the project. The upgrade enables decentralized voting and unlocks a 1.5 billion ADA “sovereign wealth fund” for the community, according to Cardano creator Charles Hoskinson. With ADA trading at around $0.332 at time of writing, that wealth fund is worth almost $500 million. Explains Hoskinson, “This is a truly extraordinary thing to be used by and for every single one of the millions of members in the Cardano ecosystem. It’s amazing that so many people who don’t know each other, have never even met each other, are now going to work together through a blockchain and make decisions whose consequences will ripple through the history of the world. The futures of nation-states and commerce can, in some way, be influenced by what we do as a community. In the Cardano world, the technology that’s been brought to be...

A date has been set for the Cardano (ADA) blockchain to go ahead with its long-awaited Chang hard fork. In a post on the social media platform X, the Cardano Community says that the Chang upgrade will move forward on September 1st. The blockchain’s community leaders, the Cardano Foundation, development firm Input Output Global and others all unanimously agreed to initiate Chang 1 onto the Cardano mainnet, according to Intersect, a member-based organization for the Cardano ecosystem. The first Chang upgrade will introduce governance Features on Cardano, enabling decentralized voting and various other governance processes. Chang Upgrade 2 is expected to unlock more on-chain governance Features such as treasury withdrawals and delegated representative participation. Says Cardano creator Charles Hoskinson, “It’s the most significant milestone in the history of Cardano and for the industry as a whole. Cardano will be a decentralized civilization spannin...