Cardano Blockchain believed its first official constitution, bypassing the specified threshold with an enormous approval rate of 85 %. The decision is replaced by the temporary constitution of Kardano and believes in the framework of a new governance that directs the development of the ecosystem.
Cardano makes history
The advertisement came during a Live broadcast On February 18 from the founder of Cardano Charles Hoskinson, who revealed the results of voting using actual time measures of platform governance tools. According to Hoskinson, “Cardano’s constitution is the subject of the temporary constitution 85 % [Yes] To 6.62 % [No]. Only 7.68 % did not vote … the threshold of the Constitutional Committee – 67 % – the threshold. It is unanimous. All members of the seven constitutional committee voted. “
The final vote requires 75 % approval to pass it, but the supporters have wiped this sign with a comfortable margin. Hoskinson highlighted the importance of reaching this decisive agreement: “Imagine the consensus level that you must get by 75 % […] We did it here and we did so around the world with people all over those who got to know each other through this process. “
He emphasized the level of community participation in formulating and circulating the constitution, with reference to more than 65 workshops, 1,800 participants, and a special constitutional agreement.
Although the vote has been completed, Hoskinson indicated that the constitution would “close” to changing the next era-a timing mechanism in the series that usually take a few days to record the final results. The constitution is expected to be officially in effect on Thursday, which represents the end of a two -year operation and the transition from the temporary governance model.
“It took a long time, a lot of effort, and many people were involved […] Great trip. “More than 65 workshops, 1,800 people, a constitutional agreement … huge amounts of discussion […] But we did that. “
By ratifying, Cardano now has a governance class described by Hoskinson as “fully decentralized”, comparing its structure at the decentralization level in Bitcoin but with an official mechanism for future updates. One of the most important elements is the power of the Cardano cabinet, which currently maintains 1.5 billion ADA, which community representatives can allocate through the voices of governance on the chain.
The system also includes a constitutional committee unanimously to adopt this measure. However, the members of the first committee will eventually be replaced by a broader and complete electoral process in the second half of this year, with the expiration of the current conditions in September.
“We have some things in front of us […] Hoskinson explained that we have to believe the road map of the product, we must get the certification of the budget. ” […] This means that Cardano is mainly a government – a living thing. “
Hoskinson stressed that the constitution will likely subject updates, noting that the new framework is designed to repeat over time: “Because we have done this, we have now created a proof point […] We can do it again […] Cardano is a living object. It is a living ecosystem – a vibrant system. “
E called on members of society to engage, pointing to the ongoing discussions on potential improvements to voting mechanisms – such as offering Spring voting or wider delegate structures – and determining the potential compensation for the main participants.
In addition to the immediate celebration, Cardano founder stressed that this development puts the network at the forefront of the decentralized rule: “We have the largest governance class now, which means that we are the smartest cryptocurrency system. We can pledge any idea, that is, a strategy […] We can not only bear it, we can meet with one common understanding. “
Hoskinson Variety of the Cardano Series Co -Car -Corporation with other cryptocurrencies that often face slow or controversial promotions due to decentralized structures without official voting systems. He said that Kardano’s new constitution is a balance, allowing rapid development while maintaining full decentralization.
The approved constitution paves the way for a series of additional governance voices. In the near future, the Cardano community will focus on certifying the product map and budget customization. With the constitutional basis, stakeholders expect more fluids and take coordinated decisions on technical promotions-such as improving productivity, tools for decentralized applications, and new features that support interconnection.
Hoskinson concluded the live broadcast by thinking about the broader influence of this teacher: “Thank you all for contributing at this moment, to this day. Cardiano has a constitution. Cardiano has a government. Every ADA holder now has a voice and because of that, Cardano is the global standard.”
At the time of the press, ADA was traded at $ 0.74.
Distinctive photo of Shutterstock, Chart from TradingView.com
