Cardano is transitioning into Voltaire with foundational elements of the era, including treasury mechanisms, being gradually incorporated...
is on the verge of a transformative milestone for the blockchain, with the Chang hard fork now hours away. Intersect, Cardano’s off-chain forum and discussion hub,Chang #1, set to go live on the mainnet on 1 September. It represents an immutable and binding step in Cardano’s journey to becoming a fully decentralized ecosystem. One where the community is directly involved in decision-making processes like protocol updates and fund allocation.
This transition will be implemented through Cardano Improvement Proposal CIP-1694, which formalizes various governing structures for the Cardano ecosystem. In the bigger picture, Chang upgrade is part of the final era on Cardano’s roadmap, Voltaire. TheThe run-up to Chang’s activation has renewed some optimism among market participants who have been closely monitoring the upgrade over the last few weeks.
Traders are eyeing the $0.40 resistance, which aligns with the 100-day simple moving average , as a crucial test. A successful breach of this level and significant trading volume could set ADA towards the critical resistance at $0.49 near the 200-day SMA.has failed to materialize into an extended positive action for ADA. This has consequently diminished enthusiasm for the upcoming Chang event.This outcome would leave ADA vulnerable to revisiting $0.31.
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