Cardano has rescheduled its Chang hard fork to September 1, shifting the original date from August 27 in order to provide additional time for exchanges and decentralized apps to make necessary preparations.
Intersect’s announcement guarantees that the ecosystem is completely prepared for this important update, marking a significant milestone in Cardano’s progression into the Voltaire era.
The upgrade will introduce improved community governance and smart contract functionalities, with a focus on promoting community involvement and on-chain governance.
Charles Hoskinson, the founder of Cardano, disclosed that several exchanges, notably Binance, were still unprepared for the upgrade. The Chang hard fork is a crucial advancement for the network, as it will bolster governance, boost data security, and broaden smart contract capabilities.
Algorand, a rival blockchain network, is now investigating the potential for a collaboration with Cardano to establish a “decentralized AI powerhouse”. This collaboration would merge Algorand’s technology with a proof of work system specifically designed for artificial intelligence. This collaboration has the potential to expand the limits of decentralized artificial intelligence and completely transform the industry.
The proposal for a relationship between Cardano and Algorand has generated enthusiasm throughout the blockchain community. Gary Malouf, Algorand’s Chief Technology Officer, has shown keenness to explore the potential of this collaboration.
Algorand, established in 2017 by Silvio Micali, a professor at MIT, is a prominent Layer-1 blockchain network that has the potential to create new opportunities for innovation and cooperation within the blockchain sector.
