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Charles Hoskinson Emphasizes the Importance of Governance in Cardano

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by A1

15 hours ago


Cardano founder Charles Hoskinson addresses the community with an end-of-year reminder about the importance of governance in Cardano, responding to recent concerns.

Initiation of Cardano Governance Efforts

The Age of Voltaire conference at the University of Edinburgh in 2022 marked the beginning of efforts to implement decentralized governance for the Cardano network. This led to the development of CIP-1694 and a candidate constitution after two years of discussion and community involvement.

Addressing Recent Concerns

Charles Hoskinson addressed some community members' concerns regarding the potential rush in developing the Cardano constitution. The candidate constitution emerged from two years of deliberation, design, and stakeholder collaboration.

Transition to Full Governance Through CIP-1694

The recent submission of governance action for the Cardano mainnet hard fork marked a significant milestone in the governance process. If enacted, this will enable full governance as described in CIP-1694, concluding the technical bootstrap phase.

Hoskinson's message aimed to reassure the Cardano community of the diligence and inclusiveness of the governance process, which has involved extensive stakeholder engagement and consideration.

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