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Published by the Cardano Foundation Community Team every two weeks, this Digest will provide you with news, updates and events about the project and ecosystem!
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Cardano’s Chang Hard Fork Initiated: On-Chain Governance Begins
On September 1, 204, at 21:44:51 UTC, Cardano successfully underwent the eagerly awaited Chang #1 Hard Fork at the boundary to epoch 506. This pivotal moment ushers in a new era for the Cardano blockchain, ecosystem, and community, fulfilling the vision of a self-governing, fully self-sustaining, community-driven, and truly decentralized network.
The Chang Hard Fork unfolds in two distinct phases. The first phase, now live, introduces an Interim Constitutional Committee (ICC) to temporarily oversee Cardano’s governance. This cautious approach ensures the committee’s power is limited in making changes to the blockchain’s code while the broader governance model of the ecosystem is being established.
However, it’s important to note that decisions are not only made by the ICC. The hard fork initiation and protocol parameters also require approval from the Stake Pool Operators, adding an additional layer of oversight and ensuring that key protocol changes are vetted by the broader network.
The second phase, Chang Upgrade #2, can at the earliest be implemented after 18 epochs, roughly 90 days after the Chang #1. This is in line with the guardrails for the interim period set forth in the Interim Constitution. With Chang Upgrade #2, expect the unlocking of the full on-chain governance capabilities as described in CIP-1694, including treasury withdrawals and active participation by DReps. To learn more about the Chang Hard Fork, and other features that are now enabled, read here.
Step into the Conway Era: Become a Cardano Delegated Representative
As Cardano transitions into the Conway era, the Chang #1 Hard Fork has introduced significant changes to the network’s governance. This new upgrade, named inspired by the mathematician John Horton Conway, replaces the old Shelley model and creates new opportunities for community involvement through the role of Delegated Representatives (DReps).
Why Become a DRep?
DReps are vital to Cardano’s governance, representing the voting power of those who delegate their ada. As a DRep, you’ll have the authority to influence decisions on protocol changes, hard forks, and more, ensuring that the community’s voice guides Cardano’s evolution.
Get Involved
Registering early as a DRep places you at the forefront of this transformation. A refundable deposit of 500 ada is required to get started.
For a deeper dive into the role and its impact, check out the full article on the forum, here. Discover how you can help shape Cardano’s decentralized governance and participate in this pivotal moment in its history.
Other Cardano Related News
- You can also stay up to date on other news happening within our ecosystem. Here’s a great overview by Cardanians
- Here’s a ‘Simplified Generic Cardano Voltaire proposal flow after Chang +1’, by Rick McCracken
- You can now track the number of DReps and the wallets delegated to them through Voltaire DRep Campaign Module. As of this writing, there are 76 DReps, with over 200 wallets already delegated. Kudos to the team at Lidonation for their efforts in making this possible.
- Here’s another insightful presentation from Cardano Ambassador, Lloyd Duhon explaining how Stake Pool Operators are driving Cardano’s future in the Voltaire era.
- Article: “We Must Spend Responsibly From The Cardano Treasury” by explcexplorer.io
Cardano Reddit Top 7 Most Engaged Topics
Below are the most engaging topics on Reddit
- Happy Cardano Independence Day!
- Cardano’s Chang hard fork set to launch tomorrow — Here’s what you should expect
- Exploring the Advantages of the Cardano Blockchain
- Happy Cardano Independence Day!
- Charles Hoskinson speech
- Ouroboros Genesis: The Blockchain Upgrade all of Crypto is Sleeping on!
- Update on EMURGO from Sheldon Hunt
Cardano Forum Top 6 Top Referred Topics
Topics that have received the most clicks from external sources. (last 10 Days)
Topic
- Join the Conversation: Cardano Constitution Draft and Global Workshops
- Encrypted Messaging On Trezor Or Nano S Over Cardano Network
Cardano Constitution Workshop - Ho Chi Minh City, Vietnam, 25/8/2024 - Recap- Add your company, association or collaboration to cardano.org
- Cardano’s Governance Revolution: Inside the New Constitutional Committee
- What does a Hard Fork imply for Developers?
Network Insights
Many thanks and greetings from the Community Team!
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