Introduction to the Chang Upgrade
The Chang upgrade is a monumental development in the Cardano ecosystem. As outlined in the Cardano roadmap, this upgrade is the culmination of many years of hard work and extensive community participation on Sanchonet.
Significance of CIP-1694
This moment represents a significant step towards achieving minimum viable on-chain governance, as defined in CIP-1694. CIP-1694 is a critical component in ensuring that Cardano can operate as a decentralized platform with robust governance mechanisms.
Transition from Basho to Voltaire
With the successful implementation of the Chang upgrade, Cardano will transition from the Basho era into the Voltaire era. This shift marks the creation of a self-sustaining blockchain, setting a new standard for the industry and showcasing the potential of decentralized governance.
The Role of Stake Pools
Stake pools play an essential role in this transformative process. By upgrading their nodes to support the new protocol, they enable Cardano to fully embrace the Chang upgrade. This collective effort is crucial for the transition and ensures the network’s stability and functionality.
Governance Features and the Bootstrap Phase
The first of two planned upgrades, or hard forks, will deploy governance features to Cardano, initiating the interim or bootstrap phase as described in CIP-1694. This phase is a preparatory step towards fully operational on-chain governance, setting the stage for future enhancements and community-driven decision-making.
Conclusion
The Chang upgrade is a pivotal development for Cardano, marking its evolution into a new era of decentralized governance and self-sustainability. As the network continues to progress, the collaborative efforts of the community and stakeholders will be integral to its ongoing success and innovation.
