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Cardano Founder Drops Major Year-End Update for ADA Holders: Details
In a recent address, Charles Hoskinson, the founder of Cardano (ADA), emphasized the thoroughness and inclusivity of the governance process, particularly the development of the Cardano constitution. This comes amidst concerns that the process might have been rushed.
Hoskinson aimed to reassure the ADA community by highlighting the significant amount of time devoted to designing and discussing the governance framework over the past two years. He stated that the candidate constitution is the culmination of a long period of deliberation, discussion, design, debate, and community involvement.
The Cardano founder’s statement intends to allay recent concerns about the pace at which the governance process has unfolded. By emphasizing the extensive discussions and contributions from various stakeholders over the past two years, Hoskinson aims to demonstrate that the governance framework was not hastily developed.
In a separate development, Cardano’s governance action for the mainnet hard fork has been submitted on-chain. This marks the end of the technical bootstrapping phase and will potentially enable full governance as described in CIP-1694 if enacted.
The recent updates have sparked significant interest within the cryptocurrency community, with many enthusiasts eagerly awaiting further developments.
Source: u.today
