ChainCatcher news, Cardano founder Charles Hoskinson publicly opposed the destruction of over 1.5 billion ADA tokens, valued at approximately $500 million, on the blockchain network. Hoskinson pointed out in a social media post last night that these assets are not pre-mined tokens, but rather generated through block production and transactions. He believes that destroying these assets amounts to stealing from stake pool operators (SPOs) and ADA holders.On September 1, Cardano completed the first phase of the Chang hard fork, with some community members supporting the destruction of tokens to boost the ADA price, while others warned of potential dangers.One of Cardano's decentralized representatives, Jaromír Tesař, believes that destroying assets would be a "terrible mistake," suggesting that these funds could be better used to support the development of Cardano.

ChainCatcher news, Cardano has completed the first phase of the Chang hard fork, laying the foundation for more decentralized governance. Cardano has officially begun the transfer of control of its $13 billion blockchain to its native ADA token holders. Frederik Gregaard, CEO of the Cardano Foundation, stated, "Many in the Cardano community lean towards this network because it promises to adopt a decentralized governance model."

ChainCatcher news, according to Coin Edition, Cardano is preparing to hand over control of its $681.9 million treasury to the community. Its upcoming "Chang" hard fork will fully decentralize Cardano, and the ADA holder community will take over the governance of the network.Crypto asset tracker TapTools shared a screenshot of data on X showing that Cardano's treasury holds native ADA tokens worth $681.9 million. Unlike most blockchain protocols, Cardano's treasury consists solely of ADA tokens, rather than various stablecoins or other digital assets like Bitcoin and Ethereum.