Cardano’s Chang Hard Fork Goes Live, Introducing On-Chain Governance

CIP-1694,
an
official
“Cardano
Improvement
Proposal,”
describes
the
new
community
governance
structure
and
establishes
three
user-led
governance
bodies:
the
Constitutional
Committee,
Delegate
Representatives
(dReps),
and
Stake
Pool
Operators
(SPOs).
Moving
forward,
Cardano’s
three
founding
entities—the
Cardano
Foundation,
Input
Output
Global
(IOHK)
and
Emurgo—will
no
longer
have
the
keys
to
trigger
chain
upgrades
or
“hard
forks.”
Instead,
that
responsibility
will
be
delegated
to
the
new
governance
groups.