Cardano Ratifies Its Constitution—85% Vote Secures Historic Milestone
The Cardano blockchain has ratified its first official constitution, surpassing the set threshold with an overwhelming 85% approval rate. The decision replaces Cardano’s interim constitution and locks in a new governance framework that will guide the ecosystem’s evolution. Cardano Makes History The announcement came during a livestream on February 18 from Cardano founder Charles Hoskinson, […]
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Cardano has been struggling on the charts since its decline that began last year. It has since taken the digital asset below $1, although a recent recovery trend has rectified that. Nevertheless, Cardano is yet to regain at least 50% of its all-time value. With low momentum rocking the cryptocurrency, it has been an uphill battle getting the asset back up to $1.20. Despite the price, the project itself has continued to see progress, and recently, it hit a new milestone. One that could very well be the much-needed put for Cardano to once again reclaim the $1.50 mark. Cardano Surpasses 30....
Since it was introduced in 2017, Cardano has maintained its position among the leading blockchains in the ever-dynamic world of cryptocurrency. Despite being a top blockchain for day-to-day activities, the team continues to make efforts in revolutionizing the network in order to become the ultimate choice for crypto operations. Blockchain Revolution By Cardano During its […]
Cardano has taken a decisive step toward its long-planned throughput upgrade: a public Cardano Improvement Proposal (CIP) for “Ouroboros Leios” is now live for community review in the Cardano Foundation’s CIP repository. Announcing the submission on August 27, Input Output’s director of software architecture Nicolas “BeRewt” Biri wrote: “So, here it is, we now have […]
In a gesture of mainstream acknowledgment, MSN Money posted an article on Cardano today, saying investors should hold ADA. This statement was based on Cardano’s YTD performance and its price resilience during the recent downturn. With developments moving quickly, including the latest Catalyst Fund5 vote currently open, it won’t be long before a fully-fledged Cardano-based […]
Record-breaking turnout characterised Cardano’s latest governance vote, with almost all tokens on the network contributing to the decision-making process. Per numbers, Input Output Global (IOG) CTO Romain Pellerin presented, 99.5% of the 4.657 billion ADA in delegated stake was employed in casting votes through the Delegated Representatives system on the network. Related Reading: Ethereum To Hit $5k Before Its 10th Birthday, Justin Sun Says Vote Results Indicate High Support For Proposal The breakdown of voting showed decisive community sentiments. Among all votes cast, 76% or 3.57....