Cardano Chang Hard Fork has been launched as an initial update, bringing decentralized governance for the platform. Hard forks are the first steps to full governance. The second step is scheduled to be complete in 2025. This move is a major change in how Cardano functions: it moves away from centralized governance to a system where power rests with the holders of ADA.
A rival exchange welcomed the move with open arms. The Polkadot Crypto Exchange congratulated their rivals. cryptic message on X (formerly Twitter). Cardano’s feat was celebrated by Polkadot, who added an “Expect Chaos” Motto, associated with Kusama – Polkadot sister company. Cardano fans were grateful for Polkadot’s congratulatory message, but it is unclear whether it signals more or an upcoming partnership.
Cardano’s Chang Hard Fork The native ADA asset was executed well, but failed to capitalise on the hype. ADA fell 12% over the last week, and did not show much of an upward trend on the weekend after the launch of the hard fork. As of press time the asset’s price was $0.3214. It doesn’t look like it will rebound.
Hard forking implemented Plutus version 3 with improved performance, enhanced contract efficiency and community governance. This update was believed to have a positive impact on ADA’s price. ADA has yet to increase in price.
Cardano replied to Polkadot’s congratulations with a post of thanks: “We appreciate you!” But the account has also included a similar cryptic statement to Polkadot’s: “ᵒʳᵈᵉʳ ᵒᵘᵗᵗᵃ ᶜʰᵃᵒˢ.”
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
