Cardano Founder Provides Year-End Update on Platform’s Future Development and Governance Framework

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

In a recent address, Charles Hoskinson, the founder of Cardano (ADA), shared his vision for the platform’s future and provided insights into its governance framework. This update comes as a relief to the community, which has been concerned about the pace of development and the potential risks associated with rushing into key decisions.

Hoskinson emphasized that the candidate constitution is not a rushed effort, but rather the result of two years of discussion, design, debate, and community involvement. He aimed to alleviate concerns by highlighting the thoroughness and inclusiveness of the governance process.

The Cardano founder’s statement serves as a response to recent concerns about the speed and potential impact of decisions being made regarding the platform’s future development. By stressing that the process has been slow and deliberate, Hoskinson seeks to reassure the community that careful consideration has been given to shaping the Cardano governance framework.

As part of this update, he mentioned the latest milestone achieved by submitting the governance action for the Cardano mainnet hard fork on-chain. This move marks the end of the technical bootstrapping phase and paves the way for full governance as described in CIP-1694 to be implemented.

The community can now look forward to a seamless transition towards on-chain governance, which will bring about significant advancements in the platform’s overall performance and capabilities. The ADA team has made substantial progress throughout 2024, and it appears that the founder is eager to share his vision for Cardano’s future with its users and supporters.

It remains to be seen whether these developments will have a positive impact on the price of ADA.

Source: u.today