Last week, it was announced that the long-awaited major update for Cardano would take place on Tuesday, August 27. Unfortunately, the Cardano community will have to wait a bit longer, as the update has been postponed until September.

The Cardano news has been dominated for some time by the upcoming Chang hard fork. This important update marks the beginning of the final development phase of Cardano, known as 'Voltaire', which primarily focuses on governance. According to information on Cardano's official website, this phase will "provide the final necessary elements to make the Cardano network a self-sustaining system."

The Voltaire era will transform Cardano into a fully decentralized system, where ownership of the blockchain and the treasury will be transferred to ADA holders. The Chang hard fork represents a crucial first step in the transition to a democratic governance system.