The Cardano blockchain has successfully undergone its highly anticipated hard fork, the Chang upgrade, which transforms the project's governance structure. This upgrade enables any Cardano (ADA) tokenholder to submit or participate in the voting process for governance actions as part of the project's "Voltaire" upgrade phase.

The Chang upgrade implements on-chain participatory governance via the Cardano Improvement Proposal-1694, allowing direct voting or delegation to representatives. It also establishes a constitutional committee and a new governance role for stake pool operators, which will be phased in over the next 90 days.

The first stage of the upgrade aims to "ensure security and continuity during the governance bootstrapping phase," while the second phase, expected in 2025, will oversee, establish, and help facilitate the community in self-government initiatives for the Cardano ecosystem.

Source: https://cointelegraph.com/news/cardano-chang-hard-fork-successful-shifts-decentralized-governance

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