- Cardano’s Chang hard fork is scheduled for August 27th, unlocking key features for the network.
- The hard fork introduces zero-knowledge primitives for private transactions and on-chain governance for ADA holders.
- Enhanced Bitcoin interoperability and a future 1.5 billion ADA treasury support Cardano’s development and expansion.
Cardano’s highly anticipated Chang hard fork is scheduled to go live on Tuesday, August 27th. This major upgrade is set to unleash several key functionalities for the network such as on-chain governance, zero knowledge primitives, better Bitcoin interoperability, and an upcoming 1.5 billion ADA treasury.
One of the features of this upgrade is zero knowledge primitives which are cryptographic tools that enable private transactions while maintaining network security. For ADA holders, the hard fork introduces on-chain governance allowing them to directly vote on future protocol changes and development proposals. The team also promised a future 1.5 billion ADA treasury. This significant reserve could fund future Cardano development and ecosystem initiatives. Beyond that, Chang hard fork promises enhanced Bitcoin interoperability which simplifies communication and asset transfer between ADA and BTC.
The Cardano team also outlined the path to the upgrade after diligently monitoring progress and community sentiment.
Cardano Upgrade Details
With important metrics like Stake Pool Operator (SPO) readiness and exchange liquidity in good standing, the Chang working group has proposed the following timeline:
- August 22nd: Pre-production hard fork on a test network for final testing.
- August 23rd (Early Friday): Final “go/no go” decision-based on any unforeseen issues.
- August 27th (Tuesday): The target date for the mainnet hard fork, assuming a smooth go/no go decision on August 23rd.
ADA stakeholders are urged to ensure their systems are upgraded by August 27th. This includes:
- Stake Pool Operators (SPOs) who need to upgrade their nodes to support the hard fork.
- Wallet Providers and DApp Developers are required to ensure that their applications are compatible with the updated network.
While August 27th is the target date, September 3rd serves as a backup window if unforeseen circumstances arise. This hard fork signifies a significant step forward for Cardano, empowering the community and paving the way for future innovations.
