By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
FinOracle
  • Finance
  • Crypto
  • Technology
  • More
    • CivitasAI Readiness Index
    • Tech Sovereignty Index
    • CivitasAI Health Index
    • Predictions
    • Financial reports
    • Opinion
    • SWOT
Notification
  • HomeHome
  • My Feed
  • My Interests
  • My Saves
  • History
Personalize
FinOracleFinOracle
Font ResizerAa
  • HomeHome
  • My Feed
  • My Interests
  • My Saves
  • History
Search
  • Quick Access
    • Home
    • Contact Us
    • Blog Index
    • History
    • My Saves
    • My Interests
    • My Feed
  • Categories
    • Economy
    • Travel
    • Gossip
    • Business
    • Fashion
    • Health

Top Stories

Explore the latest updated news!
Fed Governors Diverge on October Rate Cut Size Amid Economic Uncertainty | FinOracle

Fed Governors Diverge on October Rate Cut Size Amid Economic Uncertainty

Pinterest Introduces New Controls to Limit AI-Generated Content in User Feeds | FinOracle

Pinterest Introduces New Controls to Limit AI-Generated Content in User Feeds

Expiring ACA Health Insurance Subsidies and Their Impact on Roth Conversions | FinOracle

Expiring ACA Health Insurance Subsidies and Their Impact on Roth Conversions

Stay Connected

Find us on socials
248.1kFollowersLike
61.1kFollowersFollow
165kSubscribersSubscribe
Made by ThemeRuby using the Foxiz theme. Powered by WordPress
Crypto

Cardano’s Chang Hard Fork Unleashes $500M Fund

John Darbie
Last updated: 04.09.2024 9:30 am
By John Darbie
Share
Cardano's Chang Hard Fork Unleashes 0M Fund | FinOracle
Photo: Finoracle.net
SHARE

Cardano's Chang Hard Fork: A New Era of Decentralization
The Cardano blockchain has taken a significant leap forward by officially implementing the long-awaited Chang hard fork. This upgrade is a game-changer for Cardano, as it enables decentralized governance and unlocks a substantial sovereign wealth fund amounting to 1.5 billion ADA, valued at nearly $500 million with ADA trading around $0.332.

Understanding Decentralized Governance
Decentralized governance refers to a system where all stakeholders, in this case, Cardano's ADA holders, have equal participation in making decisions. Unlike traditional systems where a central authority makes decisions, decentralized governance allows the community to vote on proposals and changes. This democratic approach is pivotal in ensuring transparency and equal representation. For example, think of it as a homeowners association where every resident has a say in community improvements.

The Sovereign Wealth Fund
The sovereign wealth fund is essentially a large pool of ADA set aside for use by the Cardano community. Charles Hoskinson, the creator of Cardano, emphasizes that this fund is for every community member, enabling them to shape the future of the Cardano ecosystem. It's like a community savings account that everyone can use to propose and fund beneficial projects.

Entering the Voltaire Era
The successful execution of the Chang hard fork ushers in the "Voltaire era," a phase focused on decentralizing Cardano's governance. This means that control and decision-making power are now in the hands of ADA holders.

Community Voices and Future Prospects
The Cardano community views this upgrade as a longstanding milestone. By saying goodbye to the Genesis keys, they are transferring power from the central developers to the people. The collective decision-making process will now guide Cardano's future, offering innovative solutions to challenges and opportunities.

Investment Disclaimer
Opinions expressed are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency, or digital assets. Transfer and trade at your own risk.

TAGGED:AIALSAntARArtAssetAuthorityBitBitcoinBlockchainCarCardanoCESCharles HoskinsonCoinCommunityCryptoCryptocurrencyCurrencyDecentralizationDecision-makingDigital assetDiliDue diligenceEcosystemExamFunFutureGameGeneGovernanceHomeIceInkInnInvestmentInvestorIonOpinionOppoOpportunitiesOrePHPortRiskSavingSavings accountShapeSkinSovereign wealth fundSystemTradeTraditionUnderstandingUSVoltVoltaireVotingWarWealth
Share This Article
Facebook Copy Link Print
ByJohn Darbie
Follow:
John Darbie is a seasoned cryptocurrency analyst and writer with over 10 years of experience in the blockchain and digital assets industry. A graduate of MIT with a degree in Computer Science and Engineering, John specializes in blockchain technology, cryptocurrency markets, and decentralized finance (DeFi). His insights have been featured in leading publications such as CoinDesk, CryptoSlate, and Bitcoin Magazine. John’s articles are renowned for their thorough research, clear explanations, and practical insights, making them a reliable source of information for readers interested in cryptocurrency. He actively follows industry trends and developments, regularly participating in blockchain conferences and webinars. With a strong reputation for expertise, authoritativeness, and trustworthiness, John Darbie continues to provide high-quality content that helps individuals and businesses navigate the evolving world of digital assets.

Related Stories

Uncover the stories that related to the post!
GitLab Fixes Critical Security Vulnerability | FinOracle
Technology

GitLab Fixes Critical Security Vulnerability

Arm's Record Dive: AI Hype Cools Off? | FinOracle
Technology

Arm’s Record Dive: AI Hype Cools Off?

Gartner's 2024 Tech Trends: Growth vs Costs | FinOracle
Technology

Gartner’s 2024 Tech Trends: Growth vs Costs

Bitcoin Surpasses ,000 Amid ETF Approval Expectations | FinOracle
Bitcoin

Bitcoin Surpasses $45,000 Amid ETF Approval Expectations

CoStar Group Inc Sees a Positive Shift in Stocks | FinOracle
Financial reports

CoStar Group Inc Sees a Positive Shift in Stocks

Kathleen Hicks: DOD Invests in Secure AI for CJADC2 Goals | FinOracle
Artificial Intelligence

Kathleen Hicks: DOD Invests in Secure AI for CJADC2 Goals

PA Online Casinos Dominate December Gaming Revenue with 5M | FinOracle
Gaming

PA Online Casinos Dominate December Gaming Revenue with $165M

Super Bowl Betting Surge: Minnesotans at Risk with Off-Shore Gambling | FinOracle
Apps

Super Bowl Betting Surge: Minnesotans at Risk with Off-Shore Gambling

Show More
FinOracle

Ready for Core Web Vitals, Support for Elementor, With 1000+ Options Allows to Create Any Imaginable Website. It is the Perfect Choice for Professional Publishers.

  • Quick Links
  • AI
  • AR
  • US
  • Market
  • CES
  • Ion
  • Potential
  • SEC
  • Port
  • War

Quick Links

  • My Feed
  • My Interests
  • History
  • My Saves

About US

  • Adverts
  • Our Jobs
  • Term of Use

© 2025 All Rights Reserved. Design & Developed By Selentium Group AG

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Continue with Google
Continue with Microsoft
Not a member? Sign Up