Cardano Foundation Gears Up For Chang Hard Fork, Governance Transition
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Cardano Foundation Governance Reform:
- The Cardano Foundation has introduced a governance reform framework coinciding with the upcoming Chang hard fork to transition to a decentralized governance structure.
- The reform includes delegate representatives, stake pool operators, and an Interim Constitutional Committee to ensure inclusivity and balance of power.
Chang Hard Fork Update:
- The Chang hard fork is a significant update for Cardano, not only technically but also symbolizing a move towards decentralization in governance.
- During the bootstrapping phase between Chang #1 and Chang #2 upgrades, governance actions will be limited to maintain network stability.
Interim Constitutional Committee (ICC):
- The ICC, including the Cardano Foundation, will oversee protocol changes, hard fork initiations, interpret the Cardano Constitution, and ensure transparency during the transitional phase.
Elections and Transparency:
- Recent ICC elections involved voting by stakeholders, with emphasis on selecting candidates aligned with the new governance model's principles.
- Transparency was maintained throughout the process, allowing stakeholders to track voting and fund allocation.
Market Impact:
- ADA's market value experienced fluctuations, dropping over the past 24 hours and week.
- Despite this, trading volumes have increased, indicating heightened activity and trader interest.
About the author

Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.






