Cardano is about to level up with CIP-1694, a new upgrade that puts the community in charge! Recently, there was a major push to get stake pool operators to upgrade their servers as part of the transition to a new era of decentralized governance. So far, 65% of pools are on board, but the network needs 70% to be fully ready, along with key exchanges and DApps.
What’s the big deal?
CIP-1694 is like giving Cardano a brand new rulebook. It introduces a “tricameral” governance system with three powerful groups: the Constitutional Committee, Delegated Representatives (DReps), and Stake Pool Operators (SPOs). Together, they’ll make decisions on everything from protocol changes to treasury spending. If you hold ADA, you can choose to vote yourself or hand over your voting power to a DRep—kind of like choosing a superhero to represent you in the governance game.
The upgrade, dubbed the Chang hardfork, is a monumental shift toward total community control. The old master keys are being tossed out, and from now on, all major decisions will need the approval of at least two out of the three new governance bodies.
It’s a whole new era for Cardano, and if you’re an ADA holder, this is your chance to dive in and help shape the future. Get your ADA staked and get involved—the next few years are going to be epic!
Read more about this upgrade here: https://www.lidonation.com/en/posts/cip-1694-enhancing-cardano-governance-with-chang