Intersect, a major member-based organization dedicated to the Cardano ecosystem, has announced the official timeline for the upcoming Chang via X hard scaling. This update is pivotal in the ongoing development of the Cardano network, aiming to improve the protocol’s efficiency and governance mechanisms.
Cardano Chang Hard Fork Will Launch on August 27
the advertisement Intersect stated that the Chang hard fork working group met to review progress towards the set readiness thresholds, as well as take into account community feedback and sentiment. “The group is excited to be able to officially propose the first set of dates for Chang #1 hard fork on the production mainnet; the target for the mainnet hard fork is Tuesday, August 27, with a final decision on whether to proceed or not scheduled for early Friday, August 23,” the announcement details.
In terms of readiness, the group has made significant progress, particularly with Stake Pool Operators (SPOs) where 80% are now on version 9.1.0, meeting the SPO threshold. However, liquidity remains a concern with only 28% of exchanges having upgraded to the required version, with a target of 85%.
Despite this, the group has observed an upward trend in readiness across the ecosystem. “SPO readiness was confirmed last week, exchange liquidity metrics are healthy and improving, and we’ve received positive readiness updates from several leading dApps,” Intersect says.
In preparation for the hard fork, a comprehensive governance and signature schedule is required, which will begin four days before the hard fork. The working group emphasizes the importance of this phase, and urges all stakeholders to complete their preparations. “Now is the time to upgrade! If there is a specific reason or dependency that means your upgrade cannot be achieved, we need to know from you now,” the announcement urges.
It is worth noting that the preparations also include a pre-production hard fork scheduled for August 22, to serve as a final test and tweak before the main release.
In response to the impending hard fork, Cardano founder Charles Hoskinson announced, Express Hoskinson expressed his optimism and the strategic importance of this update. In a social media post, he said: “Are you ready for Chang’e? Rocket on the platform. Governance is coming.”
To keep up with the upcoming changes, Input Output, the developer behind Cardano, has already released New Daedalus Wallet Release. Upgrading to Daedalus 6.0.0 is required for the upcoming Chang hard fork. “Daedalus 6.0.0 is a major release required to pass the upcoming Chang hard fork and operate in the Conway era. It is mandatory for all Daedalus users to upgrade to this version,” the company announced via X.
Chang’an Upgrade: Two-Stage Rollout
The Chang upgrade represents a significant development for Cardano, with the goal of creating a viable on-chain governance system at least as set forth in CIP-1694. The first phase, Chang Upgrade #1, introduces governance features to the blockchain, initiating what is described as the technical bootstrapping phase according to CIP-1694.
Phase 2, Chang #2 Upgrade, develops these implementations to fully operationalize the comprehensive features of CIP-1694, including extensive delegation representative participation and a broader set of governance measures, effectively moving from the initiation phase.
At the time of publishing this report, ADA was trading at $0.3580.
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