Cardano 9.0: On-Chain Governance Set For Activation
On-chain governance marks a significant turning point for Cardano, the proof-of-stake blockchain famed for its painstaking development process. By means of voting on suggestions, this creative mechanism enables ADA holders to directly shape the future of the platform. Related Reading: Bitcoin Takes A Beating: Mt. Gox Distribution Spooks Investors Voting For The Future Maintaining competitiveness […]
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Cardano has moved to resolve a governance bottleneck by ratifying an on-chain vote to restore its Constitutional Committee (CC) to functional capacity, a procedural step that matters because the CC is required to evaluate constitutionality and ratify many categories of governance actions, including upgrades, budgets, and parameter changes. Intersect, which coordinates parts of Cardano’s governance […]
Input Output Global (IOG) CEO Charles Hoskinson believes Cardano has the edge over Ethereum 2.0 regarding governance. This, he sees as the decisive factor in Ethereum falling flat in the long term. Governance Is Lacking On ETH 2.0 On-chain governance refers to a method of managing and implementing changes to cryptocurrency blockchains. It involves setting […]
Cardano’s on-chain governance entered uncharted territory this weekend after the meme-mascot account HOSKY declared that the network’s Constitutional Committee (CC) was “dropping below the required seven members,” calling it “our first official government shutdown.” The post followed a formal retirement notice from the Cardano Atlantic Council, a seated CC member, which said it will “retire […]
Bitcoin XT has failed to attract majority support and has not achieved 750 blocks in the best chain at its activation date. According to Gavin Andresen’s BIP101 specification that is implemented in Bitcoin XT: Deployment shall be controlled by hash-power supermajority vote (similar to the technique used in BIP34), but the earliest possible activation time is 2016-01-11 00:00:00 UTC. Activation is achieved when 750 of 1,000 consecutive blocks in the best chain have a version number with the first, second, third, and thirtieth bits set.
In a post on X, Frederik Gregaard, CEO of the Cardano Foundation, articulated the imminent advancements towards a decentralized governance structure, marked by the introduction of an interim constitution. This initiative precedes the anticipated Chang hard fork, which will herald the Voltaire era of community-driven governance on the blockchain. The Interim Constitution For Cardano Gregaard’s […]