Cardano launches decentralized governance with update

Smart contract blockchain Cardano (ADA) brought major changes with the last protocol update.

Cardano has undergone the first stage of implementation of its Chang hard fork. With this update, the network became the first major blockchain to adopt a token-based decentralized governance model.

A major update for Cardano

Cardano will adopt a full community-led governance model overseen by an interim committee over the next three months. At the end of a 90-day period, the second stage of the hard fork will come into effect.