Chang hard fork is a pivotal aspect of the strategic roadmap, designed to kickstart the Cardano governance model's bootstrapping period. In a departure from traditional governance structures, the hard fork introduces a consensus mechanism that empowers ADA holders to actively shape the network's trajectory.
The transition to the Voltaire era, outlined in the CIP-1694 proposal, signals Cardano's commitment to achieving full community governance in 2024, featuring workshops, conventions and voting events.
Beyond governance, Cardano's 2024 agenda includes plans for increased tokenization, providing a fertile ground for decentralized applications in the DeFi and NFT spheres and more. Notably, Cardano's unique approach allows token issuance without the necessity of smart contracts, simplifying entry for brands and creators into the Web3 space.
Additionally, Cardano aims to bolster third-party dApp development and enhance interoperability with other blockchain ecosystems, reinforcing its commitment to collaborative innovation.
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