{"id":81292,"date":"2024-06-14T11:22:51","date_gmt":"2024-06-14T15:22:51","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=81292"},"modified":"2024-06-14T11:23:40","modified_gmt":"2024-06-14T15:23:40","slug":"cardano-community-to-gets-681m-via-chang-hard-fork-upgrade","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/cardano-community-to-gets-681m-via-chang-hard-fork-upgrade\/","title":{"rendered":"Cardano Community To\u00a0Gets $681M Via Chang Hard Fork Upgrade"},"content":{"rendered":"\n

The Cardano community<\/a> is set to inherit its more than $681 million treasury once the Chang hard fork is implemented.<\/p>\n\n\n\n

\"Cardano<\/figure>\n\n\n\n

The Cardano (ADA) community is on the brink of inheriting a treasury with ADA tokens worth approximately $681 million.<\/p>\n\n\n\n

Cardano Community to Benefit from Chang Hardfork<\/h2>\n\n\n\n

Cardano possesses the 8th largest treasury in the cryptocurrency sector, following Uniswap, Arbitrum, and Ethereum<\/a>.<\/p>\n\n\n\n

In a significant development, this treasury is proceeding toward its transfer to its community.<\/p>\n\n\n\n

Moreover, TapTools, a crypto asset tracker, identified the move.<\/p>\n\n\n\n

Cardano's treasury expanded through the accumulation of transaction fees and a fraction of block rewards.<\/p>\n\n\n\n

The transfer of the $681.9 million treasury will coincide with the upcoming\u00a0“Chang” hardfork upgrade\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>.<\/p>\n\n\n\n

However, this specific upgrade\u00a0continues to serve as a pathway to achieve complete decentralization, in which Cardano holders will assume responsibility for the protocol's governance.<\/p>\n\n\n\n

Notably, the transfer reflects Cardano's commitment to the promotion of community governance and decentralization.<\/p>\n\n\n\n

Cardano community members will have the ability to propose and vote on any project that is eligible for treasury financing once the Chang upgrade is completed.<\/p>\n\n\n\n

Notably, the treasury of other protocols includes a variety of crypto assets, including stablecoins, Bitcoin (BTC), and Ethereum.<\/p>\n\n\n\n

Cardano's treasury consists solely of its ADA tokens, which distinguishes it from the rest.<\/p>\n\n\n\n

Meanwhile, blockchain networks typically employ their treasuries to expand their ecosystems, and Cardano followed suit.<\/p>\n\n\n\n

Numerous observers observe that Cardano's expanding treasury is indicative of the protocol's increased network activity.<\/p>\n\n\n\n

This has garnered it accolades from the same observers who maintain that its strategy of promoting ecosystem development is a critical component of its sustainability.<\/p>\n\n\n\n

Cardano\u2019s Three-layered Governance Structure<\/h2>\n\n\n\n

According to the present phase of Cardano's roadmap, the governance structure is three-layered.<\/p>\n\n\n\n

Meanwhile, the Cardano Foundation<\/a> is accountable for the platform's development and promotion.<\/p>\n\n\n\n

The protocol also includes another layer, Input Output Global (IOG), formerly known as IOHK.<\/p>\n\n\n\n

Precisely, IOG takes care of Cardano\u2019s research and development.<\/p>\n\n\n\n

However, EMURGO, a body responsible for commercial ventures, is the final\u00a0layer.<\/p>\n\n\n\n

Charles Hoskinson, Cardano's founder recently provided the community with an update on the status of “Voltaire” implementation, amid concerns regarding the network's health.<\/p>\n\n\n\n

Furthermore, the final implementation of Voltaire, which signifies the dawn of communal governance, is currently in progress, as per Hoskinson's statement.<\/p>\n\n\n\n

Cardano's founder's assertion of a robust blockchain is emphasized by the company's treasury and its relative position in comparison to its counterparts.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Cardano community is set to inherit its more than $681 million treasury once the Chang hard fork is implemented. The Cardano (ADA) community is on the brink of inheriting a treasury with ADA tokens worth approximately $681 million. Cardano Community to Benefit from Chang Hardfork Cardano possesses the 8th largest treasury in the cryptocurrency sector, […]<\/p>\n","protected":false},"author":56,"featured_media":81295,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[193,19495],"class_list":["post-81292","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cardano","tag-chang-hard-fork"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/06\/Cardano-Community-To-Gets-681M-Via-Chang-Hard-Fork-Upgrade.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81292","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=81292"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/81292\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/81295"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=81292"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=81292"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=81292"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}