Charles Hoskinson, founder of Cardano, has unveiled significant updates regarding the blockchain's evolution. In a recent communication on X, Hoskinson announced the imminent release of a new node this month, marking a crucial milestone towards the upcoming Chang hard fork.

The Chang hard fork is not just a technical upgrade but a pivotal step towards achieving decentralized governance within the Cardano ecosystem. Hoskinson emphasized that for the hard fork to proceed, approximately 70% of ADA stake pool operators must successfully transition to the new node version, signaling widespread participation in Cardano's governance.

Under the Voltaire era, Cardano aims to empower its community through advanced blockchain governance mechanisms. This initiative includes the introduction of delegate representatives, enabling community members to advocate for their interests in the governance process. The upcoming Cardano Constitutional Convention, set to take place in Argentina's capital, holds particular significance in this journey.

Governance representatives from diverse regions will collaborate to draft Cardano's inaugural constitution, laying the groundwork for decentralized governance principles.

Once drafted, the constitution will undergo ratification through a community-wide vote, underscoring Cardano's commitment to decentralized decision-making and potentially setting a precedent for blockchain projects globally.

In a separate development, Cardano has proposed a substantial transfer of its treasury funds, amounting to $681.9 million, directly to ADA holders. This proposal aims to enhance community engagement and align incentives across the Cardano ecosystem, reflecting a strategic shift towards a more decentralized and participatory governance model.

These initiatives underscore Cardano's proactive approach towards community-driven governance and highlight its ambitions to foster a robust and inclusive ecosystem for its stakeholders. As Cardano progresses towards the Chang hard fork and beyond, the blockchain community eagerly anticipates the realization of these transformative governance milestones.