The Cardano team is preparing for a revolution with the Chang update, a crucial milestone in their roadmap. This advancement marks the beginning of the Voltaire era, introducing decentralized governance mechanisms. But the real question is: is the network ready for this monumental change? Let’s explore the ecosystem’s readiness and what it means for the future of Cardano.
Technical preparation for Chang
The Chang update represents well more than just a technical improvement. This is a real leap forward for blockchain technology, solving fundamental problems and opening up new perspectives for the Cardano network.
In two phases, Chang accelerates adoption : a first update of node 9.0.0 for identify and correct problemsfollowed by update 9.1.0 including crucial revisions.
- 25% of SPOs have already migrated to 9.0.0
- 75% of mainnet blocks must be produced by the final node to activate Chang
This update is essential for prepare the network for decentralized decisions thanks to the implementation of the CIP-1694.
A quote from Intersect's tweet underscores the importance of this transition:
” Chang's preparation is crucial to the future of governance on Cardano. »
The Cardano community and stakeholders must be prepared for this transition to be seamless.
Preparing Exchanges and dApps for Chang
For this update to be successful, the cooperation of stake pool operators (SPOs), exchanges, and dApp developers is essential.
Currently, Only 25% of SPOs have updated their nodesbut the goal is to have 75% ready.
Exchanges like Binance, HTX, and WhiteBIT are leading the way with preparation in mind, while Coinbase and Bitrue still have a ways to go.
Chang's preparation has important implications for ADA holders and crypto users:
- dApp developers must adapt their applications to ensure seamless compatibility
- Exchanges must align approximately 80% of network liquidity with this event
In short, this update is not just about the technology, but also about the broader Cardano ecosystem including the ADA crypto. The preparation of each stakeholder is crucial to Chang’s success and the future of decentralized governance on the network.
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