Cardano has successfully implemented the Chang hard fork as of September 1, 2024. This upgrade signifies the start of decentralized governance for the Cardano ecosystem.
Holders of ADA tokens now have the ability to vote on various governance actions, empowering the community in decision-making processes.
The transition to complete decentralized governance will be finalized with a second planned upgrade set to occur later in the year.
Cardano aims to address and avoid issues faced by other DAOs during this transition process.
