Cardano’s Chang Update Activated: A New Era for ADA Governance and Scalability
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Sep 02 2024Governance Changes: ADA holders now have direct voting rights in Cardano's governance following the activation of the Chang hardfork, which aims to decentralize decision-making and introduce an Interim Constitution Committee to oversee the transition.
Scalability Improvements: The Chang upgrade is expected to significantly boost Cardano's transaction capacity from 250 to over 1000 transactions per second, enhancing network efficiency despite a mixed market response and ongoing investor dissatisfaction.
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.
