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Cardano’s Chang Hard Fork Goes Live, Introducing On-Chain Governance

by SB Crypto Guru News
September 1, 2024
in Crypto Updates
Reading Time: 1 min read
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CIP-1694, an official “Cardano Improvement Proposal,” describes the new community governance structure and establishes three user-led governance bodies: the Constitutional Committee, Delegate Representatives (dReps), and Stake Pool Operators (SPOs). Moving forward, Cardano’s three founding entities—the Cardano Foundation, Input Output Global (IOHK) and Emurgo—will no longer have the keys to trigger chain upgrades or “hard forks.” Instead, that responsibility will be delegated to the new governance groups.



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