Cardano Unveils Key Update, Paving Way for Decentralized Governance Shift

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Cryptodnes2024/11/02 22:00

By:Cryptodnes

Cardano has introduced "Cardano Node 10.11", the first node from the core network capable of passing the Chang 2 intermediate hard fork, an important step towards full circuit management.

This update introduces key improvements to the management system, including support for partition pool operators (SPOs) to delegate predefined voting options.

The update, which began with its first phase in September, aims to end Cardano ‘s initial bootstrap phase and move it towards fully decentralised governance.

The Chang 2 phase requires five governance actions to be successfully completed in the chain, with the SPO and the Interim Constitutional Committee (ICC) leading the voting process.

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Once these conditions are met, the upgrade can proceed, with the SPO playing a critical role in finalizing the transition. Chang 2 is planned for November, which could position Cardano for a new era in decentralized governance.

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