Crypto: Cardano's Chang Hard Fork Postponed again – The Reasons Hehind this Decision

The Cardano Chang hard fork, eagerly awaited by the crypto community, has been postponed. Initially scheduled for August 27, this key event, intended to enhance on-chain governance and improve smart contract security, has been rescheduled to September 1. This postponement, while seemingly trivial, raises important questions about the preparedness of the involved parties and the future of Cardano in an increasingly competitive blockchain environment. Why was this delay deemed necessary, and what are the consequences?

The unexpected postponement of the Chang hard fork

Intersect, a member organization of the Cardano project, announced the postponement of the Chang hard fork. Indeed, the update was pushed back to allow exchanges, including Binance, to finalize the necessary updates to support this new phase of the network. Charles Hoskinson agrees. For the founder of Cardano, “Binance and a few others need more time to get their systems in order.” This postponement can thus be seen as a strategic move to ensure that the entire ecosystem is ready for the adoption of Chang.

Indeed, this hard fork is supposed to introduce new features to enhance on-chain governance and improve smart contract data security. It will mark a new phase in the way the community participates in network decisions. This governance change shifts decision-making power to the community, allowing each member to play an active role in Cardano’s future.

Toward an Alliance with Algorand?

While the postponement of the Chang hard fork has temporarily slowed Cardano’s momentum, Charles Hoskinson already seems to be looking toward other strategic horizons. He mentions the possibility of a collaboration with Algorand, another leading blockchain network. According to Hoskinson, the idea would be to combine Algorand’s technologies with a “proof of useful work tuned to AI inference,” to create what he calls a “decentralized AI power.” This idea was met with interest by Gary Malouf, Algorand’s Director of Technology. He indicated that this was not the first time such discussions had taken place between the two networks.

This prospect of an alliance between Cardano and Algorand could represent a significant step toward a new form of collaboration in the blockchain space. This alliance would break with the tradition of fierce competition that has often characterized relationships between different networks. Thus, Cardano could not only strengthen its technological capabilities but also expand its influence in the emerging field of decentralized AI. However, this will depend on the ability of both networks to overcome technical challenges and find common ground for effective cooperation.

The postponement of the Chang hard fork and potential discussions with Algorand show that Cardano is in the midst of a strategic transition phase. On one hand, the network seeks to strengthen its governance and improve the security of its smart contracts. On the other hand, it envisions innovative collaborations to remain competitive in a constantly evolving sector.