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Emurgo, Cardano’s core organization, has outlined its plans for 2024, focusing on the upcoming Chang hard fork scheduled for the first half of the year. This major network event marks the transition to a community-driven governance model, marking Cardano’s commitment to decentralized decision making in the blockchain space.
The Chang hard fork is a key aspect of the strategic roadmap designed to kick-start the bootstrapping period of Cardano’s governance model. Unlike traditional governance structures, a hard fork introduces a consensus mechanism that allows ADA holders to actively shape the trajectory of the network. According to Charles HOSKINSON, the creator of the blockchain, Cardano showed everyone how to properly stake, and now it will show how to properly implement decentralized governance. The transition to the Voltaire era, outlined in proposal CIP-1694, demonstrates Cardano’s commitment to achieving full community governance in 2024, including workshops, conferences and voting.
Beyond governance, Cardano’s 2024 roadmap includes plans to expand tokenization, providing fertile ground for decentralized applications in the DeFi and NFT spaces and more. Notably, Cardano’s unique approach allows tokens to be issued without the need for smart contracts, making it easier for brands and creators to enter the Web3 space. In addition, Cardano aims to support the development of third-party dApps and improve interoperability with other blockchain ecosystems, strengthening its commitment to collaborative innovation.
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