Cardano has deployed its long-awaited Chang hard fork, introducing Plutus V3 smart contracts with dramatically improved performance and a decentralized governance system that gives ADA holders direct voting power.
Chang Upgrade Features
- Plutus V3: 10x faster smart contract execution
- On-chain governance: every ADA holder can vote
- Treasury system: $800 million community fund
- Interoperability bridges to Ethereum and Polkadot
ADA jumped 22% to $0.85 on the news. The upgrade addresses Cardano's biggest criticism — slow development — and could attract DeFi protocols that previously avoided the chain due to technical limitations.
