Cardano (ADA) Gears Up for the Highly Anticipated Chang Upgrade
Excitement continues to brew within the Cardano community as the imminent Chang hard fork upgrade approaches. ADA, the native token of the Cardano ecosystem, has surged by over 52% in this crucial metric ahead of this significant event.Â
Cardano Announces Date for Chang Upgrade
The Intersect, an organization within the Cardano ecosystem, took to X (formerly Twitter) on August 20 to share comprehensive updates regarding the Chang hard fork. They unveiled key dates for the Chang upgrade launch, confirming that most of the preparations have been completed.
– The Intersect provided detailed information and updates on the Chang hard fork.
– The organization disclosed key dates for the upcoming Chang upgrade launch.
– The preparations for the hard fork are almost finalized.
The target date for the “Chang #1 hard fork” is scheduled for Tuesday, August 27, pending a final decision on August 23. This date is based on the readiness of key metrics that have shown consistent progress in recent weeks.
– The target date for the first hard fork is August 27.
– A final decision on the launch date will be made on August 23.
– The readiness of key metrics determines the launch date.
The Chang hard fork team has confirmed the readiness of essential components and tools for the upgrade, surpassing expectations. This includes Stake Pool Operator (SPO) readiness, exchange liquidity, and DApps updates. The team is now ready to proceed with the upgrade.
– Essential components for the upgrade are confirmed.
– Stake Pool Operators and exchanges are prepared.
– All components are exceeding expectations.
Formal procedures for initiating the hard fork will commence with a four-day lead time to conclude all necessary governance actions and approvals. In case of a schedule change, September 3 is identified as the next feasible window for the upgrade. However, current indications favor August 27 as the official launch date for the Chang hard fork.
– Governance actions and approvals will be completed beforehand.
– September 3 could be the next potential date for the hard fork.
– August 27 is the current preferred launch date.
By
By
By
By
By