Cardano founder introduces CIP-69 into the upcoming “Chang hard fork”
Charles Hoskinson announced a big change in the upcoming Chang hard fork.
Charles Hoskinson is the founder of the Cardano (ADA) blockchain & CEO of Input Output Hong Kong Global (IOG), a developer firm behind the Cardano project.
As we know, the Chang Hard Fork for Cardano is scheduled to take place in the second quarter of this year, with a target date of 30 June.
The Chang Hard Fork is a significant milestone in Cardano’s roadmap, as it marks the transition into the “Voltaire” era of governance. This era will be characterised by decentralised governance structures, which will give the community more influence over the development and funding of projects.
On 9 May 2024, Charles Hoskinson, the founder of Cardano, announced via his X (formerly Twitter) account that he decided to introduce CIP-69 in Chang hard fork on behalf of the Cardano community demand.
Hoskinson admitted that the sudden CIP-69 introduction plan will cause some significant delay in the actual scheduled date.
Further Cardano’s founder added that the post-Chang environment necessitates an overhaul of the roadmap construction and ratification process to accommodate CIP-1694’s “info” action. Multiple working groups are engaged in discussions to reform the process, and community involvement is encouraged to ensure diverse preferences are considered.
Following this news, Cardano (ADA) coin trading activity has surged by more than 90% within 24 hours with almost $500 million worth of ADA traded. This sudden increase in trading volume is unexpected but significant for Cardano.
The current trade price of the Cardano (ADA) coin is $0.46 & this trade price is only 1% higher over the last 24 hours.
Notably, this cryptocurrency’s native token is struggling to show a big rally but this sudden increment in the trade volume is showing a hope of light for something big.
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