The Chang hard fork was initially set to go through this week, but Hoskinson announced on Friday that it had been pushed back to Sept. 1 so some exchanges, including Binance, could prepare their systems.

The main feature of the latest upgrade is to give Cardano the ability to introduce on-chain governance features. Those that hold ADA, Cardano’s native token, will be able to elect representatives (called Delegate Representatives, or dReps) and vote on improvement proposals as well as future technical changes to the blockchain.