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.
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.
