The Chang update, which has been working on the Cardano network for years and plays a critical role in the system’s transition to the ‘Voltaire era’, has been launched. This update will be the final stage in the transition to the Voltaire era, which aims to make the network self-sufficient.

Over the next 9 days, Cardano will transition to a model where the system is fully managed by the community. This model will be overseen by an interim management group. At the end of 90 days, the second phase of the Chang hard fork will begin. This phase will also give power to the law-making committee, delegate representatives and staking pool operators.

In a statement made by Cardano, it was stated that the goal of this preliminary trial process is to guarantee the continuity and security of the system and to prepare improvements that will create a final set of rules in 2025.

Charles Hoskinson, the creator of the Cardano chain, also commented on the issue:

“When I look back to when we first launched the ecosystem, I see where we have come from an idea that only exists. Years have passed and we have grown a lot. There have been disappointments, forwards and backwards, but we have come to this point today. Now ADA token holders will have a say in both this protocol and what it can do for the world in the future.”

As it is known, the Cardano blockchain has 5 main development periods named Byron, Shelley, Goguen, Basho and Voltaire. The Voltaire period aims to decentralise the governance mechanisms of the network. The fact that the network is named after the famous French thinker Voltaire is that this person is one of the important characters of the enlightenment period…

Cardano (ADA), one of the most preferred and talked about cryptocurrencies of a period, lost its place in the top 10 this year. ADA is trading at $ 0.32 in the minutes the news was written.