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COINTURK NEWS > Cardano (ADA) > Cardano Prepares for Chang Hard Fork Update
Cardano (ADA)

Cardano Prepares for Chang Hard Fork Update

In Brief

  • Cardano prepares for the Chang hard fork update.

  • 72% of nodes have installed the necessary software.

  • The update might be completed by the end of August.

COINTURK NEWS
COINTURK NEWS 10 months ago
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Cardano (ADA) Blockchain approaches a historic milestone as preparations for the Chang hard fork update accelerate. Recent developments suggest this significant update might occur earlier than planned.

Contents
72% of Nodes Ready for UpdateUpdate Could Be Completed by End of August

72% of Nodes Ready for Update

Stake Pool Operators (SPOs), who play a critical role in the Cardano ecosystem, have largely indicated their readiness for the Chang hard fork update. According to information shared by Cardano Feed on the X platform, 72% of the network’s nodes have installed the necessary Cardano Node 9.1.0 software, marking a significant step towards the long-awaited update.

Various platforms, including the cryptocurrency exchange Bitfinex, have also completed their preparations for the update. The Chang hard fork aims to reduce the direct role of Cardano’s development company IOHK in Blockchain management. Instead, ADA holders will be able to participate more actively in the network’s growth.

Moreover, the Chang hard fork update will initiate the Voltaire Era, symbolizing Cardano’s transition to decentralized governance. Most other Blockchain networks have already followed this path, making this transition a critical step for Cardano.

Update Could Be Completed by End of August

While no specific date has been given for the update, it is expected to be completed by the end of August. On Thursday, 69% of SPOs had installed the necessary software, and this figure rose to 72% within two days. If this momentum continues, all SPOs are expected to complete the update within three weeks.

The Chang hard fork update has also led to an increase in ADA‘s market value. In the last 24 hours, ADA has gained up to 1% in value and is currently trading at $0.3477, according to data and price platform CoinMarketCap.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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COINTURK NEWS 10 August, 2024 - 10:32 pm 10 August, 2024 - 10:32 pm
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