Cardano Officially Rolls Out Chang Hard Fork, Unlocking Sovereign Wealth Fund Worth About $500,000,000 in ADA
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...