Cardano has successfully completed the first stage of its Chang hard fork. As a result, it becomes the first major blockchain to switch from a centralized governance system to a decentralized one governed by tokens.
Over the next 90 days, Cardano will undergo a complete transformation to a community-led governance model overseen by an interim committee.
Once this period is over, the second stage of the Chang hard fork will be activated, fully transferring power to its new governance bodies, which include a constitutional committee, delegate representatives, and staking pool operators.
According to Cardano’s explanation, the main objective of the first stage is to ensure security and continuity during the process of establishing a new governance structure.
