Cardano Founder Provides Update on Governance Framework and Future Development Plans

Cardano Founder Drops Major Year-End Update for ADA Holders: Details

Charles Hoskinson, the founder of Cardano (ADA), has recently shared his vision for the future development and growth of the platform. The update comes as a reassuring message to the community, addressing concerns that the governance process, particularly the development of the Cardano constitution, might have been rushed.

In his keynote address, Hoskinson emphasized that the candidate constitution is the result of “two years of discussion, design, debate, and community involvement.” By highlighting this, he aimed to allay recent concerns and emphasize the careful consideration that has gone into shaping the Cardano governance framework. This reassurance aims to calm any anxiety among ADA holders regarding the thoroughness and inclusiveness of the process.

The address marks a significant milestone as the governance action for the Cardano mainnet hard fork was submitted on-chain. If enacted, this action will enable full governance as described in CIP-1694 to mainnet, effectively ending the technical bootstrapping phase.

Hoskinson’s vision underscores the commitment of the Cardano team to transparency and community-driven decision-making.

Source: u.today