Public chain Cardano founder Charles Hoskinson announced on the community platform on the 9th that it is expected to conduct the Chang hard fork upgrade in June, and this upgrade will also bring Cardano into the final stage of the roadmap “Voltaire”.
Cardano’s roadmap consists of five stages: “Byron,” “Shelley,” “Goguen,” “Basho,” and “Voltaire,” each named after famous figures in the arts and sciences. The upcoming hard fork upgrade, also known as the “Chang fork upgrade,” is in memory of Cardano’s early leader Phil Chang, who passed away in 2022.
A hard fork is a way to update blockchain technology by creating a new chain that is incompatible with the original chain. In simple terms, a hard fork is like a major upgrade to the blockchain system, making the new system unable to communicate with the old system.
According to the official roadmap, the first three stages of Cardano have achieved basic blockchain, decentralization, and smart contracts, while the Basho era focuses on expanding the blockchain. The final Voltaire era is about adding governance, voting, and financial management functions to Cardano.
Hoskinson also mentioned that this hard fork will be the most important milestone in Cardano’s history. The positive news of the Chang hard fork upgrade does not seem to be reflected in the price of Cardano’s native token ADA, which was reported at $0.433, a 1.9% decrease in the past 24 hours and a 5.8% decrease in the past week. It remains to be seen whether the price of ADA will increase as the upgrade news develops.