HomeAltcoinsCardano will change in early 2024.

Cardano will change in early 2024.

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Emurgo, the main organization of Cardano, has explained its plans for 2024. They are concentrating on the upcoming Chang hard fork that is planned for the first six months of the year. This big event shows that Cardano is now controlled by the community, which means people who use it have more say in how it works. This is a big step towards giving everyone a say in how the blockchain is run.

The Chang hard fork is an important step in the plan to begin Cardano’s governance model. Unlike the usual way things are run, a hard fork changes how decisions are made so that people who have ADA can have a say in how the network goes. According to Charles HOSKINSON, the person who made the blockchain, Cardano showed everyone the right way to stake, and now it will show the right way to use decentralized governance. The change to the Voltaire era, described in proposal CIP-1694, shows that Cardano is committed to having the community make decisions in 2024. This will include meetings, events, and voting.

In addition to governance, Cardano’s plans for 2024 include making more types of tokens available and supporting decentralized applications in the DeFi and NFT areas. Cardano makes it easy for companies and individuals to join the Web3 space by allowing them to create tokens without using smart contracts. Furthermore, Cardano wants to help make new apps and work better with other blockchain systems to encourage teamwork and new ideas.

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