Cardano is preparing for the Chang hard fork in June to enter the Voltaire era after a multiyear effort towards decentralization. It will introduce decentralized governance and give token holders control of the $681.9 million treasury. The upgrade will commence once 70% of validators install the new node.
Alt L1 Cardano's most significant upgrade in years, the Chang Hard Fork, will introduce onchain governance mechanisms. The upgrade is scheduled for September 1. It will allow ADA holders to elect representatives and vote on improvement proposals, marking the shift to community governance. There will be a Constitutional Committee, Delegate Representatives, and Stake Pool Operators deciding the chain's future.