The Chang upgrade allows ADA token holders to influence Cardano's direction by electing governance representatives and approving proposals, marking a significant shift towards decentralized governance.
With the implementation of CIP-1694, Cardano establishes user-led governance bodies which will replace the existing centralized entities, empowering the community with governance responsibilities.
By transitioning to decentralized governance, Cardano aligns itself with the blockchain ethos while also providing added utility to ADA, potentially navigating scrutiny from securities regulators.
The Chang hard fork is a crucial evolution for Cardano, marking the start of new governance roles and responsibilities among community members, enhancing the blockchain's operational framework.
[
Collection
]
[
|
...
]