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Cardano, the eighth-largest cryptocurrency by market cap, is embarking on a groundbreaking journey towards decentralized governance evolution. A pioneering voting tool, crafted collaboratively by the Cardano Foundation, IOG, and Intersect, is set to empower the community to shape the project’s future.
1/7 The polling event on CIP-1694, utilizing the Cardano Ballot tool developed by @CardanoFoundation, and in collaboration with @InputOutputHK and Intersect, is a temperature check on progress made thus far in the #Voltaire governance journey. pic.twitter.com/D8bDjdiwpv
— Intersect (@IntersectMBO) Novambra 16, 2023
Launching a non-binding poll from December 1 to 11, Cardano enthusiasts will have the chance to voice their opinions on CIP-1694, a proposal outlining the governance roadmap for 2024. With the snapshot on November 21, the eagerly awaited results will be revealed on December 16.
This innovative poll will consider both stake and participating wallets, welcoming additional comments from users. The focus spans pivotal topics such as hard forks, Treasury budgets, and parameter updates. Beyond its immediate impact, the voting tool establishes an open-source platform for ongoing community participation in major decisions.
Simultaneously, Cardano’s technical landscape advances, with Node 8.6 nearing completion and 8.7 in the pipeline. The maturation of SanchoNet, a governance tooling testnet, offers a sandbox for testing scenarios like hard forks and parameter changes.
Community engagement is robust, as evident in the flourishing discussions around governance. The decentralized development organization, Intersect, is witnessing substantial growth, further fueling Cardano’s evolution.
Cardano Boss Delivers Updates on the Upcoming Move
In a recent broadcast from his Colorado home, Charles Hoskinson, IOG’s co-founder and CEO, delivered a comprehensive update on Cardano’s governance journey. He hinted at future developments, including updates to CIP-1694 and clarification on the partner chain concept and the Cardano service layer.
As Cardano charts its course to become a fully decentralized and self-sustaining platform, the forthcoming poll and voting tool are pivotal steps. By empowering the community to actively shape the project’s trajectory, Cardano positions itself at the forefront of inclusive governance in the cryptocurrency space.
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