Sam Wisdom Raphael
Cardano founder Charles Hoskinson expresses his elation as Cardano moves a step closer to the Chang hard fork with the release of Chang node 9.0.
Cardano is edging closer to a significant milestone with the release of Node 9.0, an essential update that paves the way for the upcoming Chang hard fork. Charles Hoskinson, the founder of Cardano, announced this development during a YouTube broadcast on July 8.
Significance of the Latest Cardano Chang Node 9
Released 12 hours ago, Node 9.0 is crucial because it brings all necessary modifications for the Conway Ledger era. This includes the introduction of on-chain governance, support for Plutus V1 reference scripts, Plutus V3.0 and Plutus script signature. These developments position Cardano to transition smoothly into the Chang era.
Hoskinson described Node 9.0 as the first version capable of supporting the transition across the 9.0 hard fork boundary on the mainnet. The update initiates the bootstrap phase of CIP-1694, although it does not yet enable full governance protocol functionality, set to be introduced with version 10.0.
The process of integrating Node 9.0 involves rigorous testing by Stake Pool Operators (SPOs). These operators will independently assess the update, determining the appropriate time and level of testing needed for a smooth upgrade.
“The SPOs are going to independently test this and they are going to make decisions on a case-by-case basis of when and how to upgrade,” Hoskinson remarked.
Once a threshold of 70% or more SPOs is reached, a date for the Chang hard fork will be announced. This step will officially mark Cardano’s entry into the new era, where elected ICC members will provide credentials, and the Genesis Keys will be burned.
Notably, at the reporting time, on-chain data from Cardanoscan confirms that SPOs are not yet ready for the hard fork. The Cardano founder stressed that he expects the process of transition to start on July 8 or 9.
What Next After the Hard Fork?
Hoskinson outlined three critical steps after the hard fork to fully activate Chang, which will mark the start of the Voltaire era. The first step involves turning on decentralized governance structures, which will occur 90 days after the hard fork.
During this period, registered decentralized organizations (DS) will gain full voting power. This phase will also see the activation of an interim constitution, providing a framework for network stability.
The second step focuses on the community’s role in building governance precedents. Community working groups will ratify roadmaps and annual budget processes, setting the stage for long-term governance practices.
According to the Cardano founder, this will include, “the community coming together and building out the precedence for how the government makes decisions including the ratification of roadmaps and the ratification of the annual budget process.”
The working groups will convene in Colorado to discuss integration into the budget and product processes, forming a co-equal branch of the Cardano government alongside the Constitutional Committee and SPOs.
The final phase involves the Constitutional Convention. An interim constitution currently guides the network, but a more comprehensive constitution will be drafted and publicly reviewed.
This document will be refined through global working groups, leading to a Constitutional Convention in Argentina. Delegates from these groups will finalize the constitution, which will then be ratified on-chain. This will prompt a new election for the constitutional committee, marking the end of IOG’s direct governance role.
Hoskinson charged everyone to get involved in the governance process, stating, “if you have a community, you need to become a DS, whether you’re a decentralized exchange or you are an NFT project or a meme coin, whatever it might be – if you’re on Cardano and you have a community – you owe it to your community to become a delegated representative.”
According to Hoskinson, the journey towards the Chang era has been marked by extensive collaboration and innovation. The release of Node 9.0 follows two years of development, involving thousands of hours of work and numerous workshops worldwide.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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