Cardano’s (ADA) blockchain has officially rolled-out its Chang hard fork. This marks the beginning of a new era in decentralized governance.
According to Cardano’s creator Charles Hoskinson, the upgrade enables community decentralized voting as well as unlocking a “sovereign fund” of 1.5 billion ADA for each member.
This fund, which is valued at almost $500,000,000 at the current ADA price of $0.332 (at time of publication), has a value around this level.
Hoskinson explains his work
This is an extraordinary tool that can be used for and by all the members of the Cardano Ecosystem. I find it amazing that people from all over the world, who have never met, will now work together on a blockchain to make important decisions with repercussions throughout history.
What we do collectively can influence the future of nations and commerce. The technology in the Cardano universe is extraordinary.
Cardano is regarded as the most trustworthy blockchain, aside from Bitcoin. It is important because people should build future social, economic and political systems on solid bedrock if they want to do so. It is better to construct on granite than quicksand.
As an ecosystem we’ve sometimes had to accept criticism from our peers. We may not always be first in market but will still strive to achieve the highest standards. This is also true for governance.
“By unlocking millions of people’s and representatives’ abilities to sit down and think about what we should do, we can solve collectively the difficult problems that Cardano faces.”
Cardano’s last development phase, the “Voltaire era,” was centered on transferring blockchain governance to ADA owners.
Cardano Community says on social media platform X.
It’s been years coming, but it is finally here. The Genesis keys are being retired and the power to govern is now in the hands of all ADA owners .”
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Sources of Images include Pixabay Creative Commons & Midjourney
The post Cardano officially rolls out Chang hard fork to unlock sovereign wealth fund worth about $500,000,000 in ADA could be updated as new information becomes available.
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