Cardano's 'Chang' Hard Fork Imminent... Will ADA's Value Be Re-evaluated?

▲ Cardano (ADA)

Cardano has reached the final gateway for its 'Chang' hard fork, which signifies a major transition for its ecosystem.

According to the virtual asset industry on April 11, Cardano's latest node, version 9.0, has been officially released. Cardano founder Charles Hoskinson stated that this update is the last milestone for the hard fork execution. For the hard fork to be activated, 70% of all Stake Pool Operators (SPOs) must complete the upgrade to the new node.

This hard fork marks the beginning of the Voltaire era, Cardano's final development phase. Through this, Cardano will fully implement a decentralized governance system. ADA holders will be able to directly participate in deciding the future of the network through on-chain voting.

Technically, CIP-1694, which defines the on-chain governance structure, plays a key role. Node 9.0 is designed to support complex governance features, including a constitutional committee and Delegated Representatives (DReps). Currently, the ADA price is maintaining a stable trend, forming a support level between $0.38 and $0.40.

The timing of the hard fork for the Cardano ecosystem will now be determined by the participation rate of stake pool operators. Experts predict that if the hard fork is successfully completed, the network's practical utility will be strengthened. This update is considered a historical turning point for Cardano to truly become a decentralized blockchain.

*Disclaimer: This article is for investment reference only and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*