An overview of Cardano’s Chang hard fork update, including its significance, technical details, and community response.
Points
- Introduction to Cardano’s Chang hard fork update.
- Technical details and requirements for the hard fork.
- Community response and concerns.
- Impact on Cardano’s roadmap and future developments.
- Current status and next steps for the hard fork implementation.
Cardano is on the brink of a significant milestone with the initiation of the Chang hard fork update. This update, following the release of node validator software version 9.1.0, introduces critical on-chain decision-making capabilities to the Cardano blockchain. Let’s explore the details and implications of this pivotal development.
Technical Details and Requirements
The Chang hard fork is a crucial step towards the Voltaire phase of Cardano’s roadmap, which incorporates governance and treasury management functionalities into the blockchain. Node version 9.1.0 includes essential updates needed for the hard fork, such as the Conway Genesis file.
- Node Version 9.1.0: This version is the final upgrade required for the Chang hard fork, providing all necessary components for its implementation.
- Validator Readiness: The hard fork will proceed only when 70% of validators or Stake Pool Operators （SPOs） upgrade to the new node. Currently, only about 3% of the network’s 3,110 stake pools are ready, indicating that more upgrades are needed before setting the final date.
Community Response and Concerns
The Cardano community has largely viewed the upcoming hard fork as a significant advancement for the blockchain. However, there are concerns about the transition to community control, particularly regarding the management of scientific and engineering
achievements within the blockchain.
- Community Support: Many community members are excited about the enhanced governance and decision-making capabilities that the Chang hard fork will bring.
- Concerns: Some, like Philip Lewis, co-founder of the Cardano-based project Empowa, have expressed worries about the potential risks associated with transferring control to the community. They emphasize the need for careful and diligent decision-making to ensure that protocol changes or treasury fund withdrawals are handled responsibly.
Impact on Cardano’s Roadmap
The Chang hard fork marks a significant step towards achieving the goals set out in Cardano’s roadmap. The Voltaire phase, which includes the introduction of governance and treasury management functionalities, will enable the community to have a direct say in the development and direction of the blockchain.
- Governance: The implementation of on-chain governance mechanisms will allow for more transparent and democratic decision-making processes.
- Treasury Management: The introduction of a treasury system will ensure that funds are allocated effectively to support the development and sustainability of the Cardano ecosystem.
Conclusion
The initiation of the Chang hard fork is a critical milestone for Cardano, paving the way for enhanced governance and community-driven decision-making. While there are concerns about the transition to community control, the overall sentiment is positive, with many looking forward to the new capabilities that the hard fork will bring. As the community works towards achieving the necessary validator readiness, the successful implementation of the Chang hard fork will mark a new era in Cardano’s development.
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解説
- The Chang hard fork is a major update for Cardano, introducing important governance and treasury management features.
- Community members are largely supportive but have expressed concerns about the risks associated with community control.
- The hard fork is a crucial step towards the Voltaire phase of Cardano’s roadmap, which aims to enhance transparency and democratic decision-making.
- Validator readiness is essential for the hard fork’s implementation, and the community is working towards achieving the necessary upgrades.