Cardano Implements Decentralized Governance with Chang Hard Fork

The blockchain's latest upgrade empowers ADA holders with voting rights and governance power, marking a shift towards full decentralization.

Cardano's Chang hard fork introduces on-chain governance using ADA tokens.
The upgrade initiates the Voltaire era, aiming for a self-sustaining system.
ADA holders can now elect representatives and vote on development proposals.
The governance model includes a constitutional committee, delegate representatives, and stake pool operators.
The transition is set to complete in early 2025 with a final constitution ratification.