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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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 […]
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 […]
The Cardano Foundation has outlined a detailed framework for governance reform coinciding with the forthcoming Chang hard fork. This strategic move signifies a major shift towards a decentralized governance structure within the blockchain ecosystem, intended to distribute decision-making power more equitably among its stakeholders. The Cardano blockchain, known for its scientific approach to development and […]
2021 will prove a pivotal year for Cardano, Polkadot, and Ethereum. While each has its merits, competition between the trio starts to heat up as we head into mid-year. Alonzo is on track for an August release, bringing smart contracts to Cardano. Polkadot is racing to finish parachain rollouts to enable on-chain governance. At the […]