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Cardano Founder Reveals Decentralized Roadmap and Budget Overhaul
In a recent interview, Charles Hoskinson, the founder of Cardano (ADA), has shed light on the project’s revamped governance structure, budget overhaul, and decentralized roadmap. While discussing the upcoming changes, he emphasized that transparency and accountability are crucial components of the new approach.
Hoskinson stressed that “the winners and losers” will emerge from this budgeting exercise. To mitigate concerns about misallocation or potential misuse, he reiterated that audit and oversight are fundamental aspects of Cardano’s governance blueprint. Ideas being explored include utilizing “smart contracts” for expenditure tracking and engaging external “audit agencies.” These measures aim to ensure transparency and integrity for all stakeholders.
A striking aspect of Hoskinson’s plan is the absence of a formal executive branch in Cardano’s governance structure. He likened this approach to a legislative system combined with a judicial-like Constitutional Committee, but without the top-down approach typically seen in nation-states: “You’ll notice we only have two of the three [branches]…We just have a legislative branch and kind of have judicial with the Constitutional Committee, [but] the executive function is an emergent property of the people.”
Source: bitcoinist.com
