The governance workstream, launched during the Age of Voltaire conference in late 2022, has been a significant step towards bringing decentralized governance to the Cardano network. This initiative led to the creation of CIP-1694, a proposal outlining the processes for decentralized governance, and a candidate constitution after two years of meticulous discussion, design, and community involvement. Charles Hoskinson’s recent tweet serves as a reminder of the careful consideration that has gone into shaping the Cardano governance framework. The founder’s address comes in response to concerns from some community members regarding the pace of governance actions, especially the development of the Cardano constitution.
Hoskinson’s tweet aims to reassure the ADA community that the governance process has not been rushed but rather has involved extensive discussions, design, debate, and community participation over the past two years. By highlighting the thoroughness of the process, Hoskinson seeks to allay any concerns and emphasize the inclusive nature of the governance framework. The careful consideration and community involvement in shaping the Cardano governance structure demonstrate a commitment to ensuring that all stakeholders have a voice in the development of the network.
The recent milestone in the governance process involved the submission of a governance action for the Cardano mainnet hard fork, signaling the end of the beginning for on-chain governance. This action, if enacted, will enable full governance as outlined in CIP-1694 to be implemented on the mainnet, bringing an end to the technical bootstrapping phase. With this milestone, Cardano is one step closer to achieving decentralized governance and ensuring that the network operates in a transparent and inclusive manner.
The governance workstream and the development of the Cardano constitution represent significant milestones in the evolution of the network towards decentralized governance. The careful planning and community involvement in shaping these governance structures demonstrate a commitment to ensuring that Cardano operates in a fair and transparent manner. By addressing concerns and emphasizing the thoroughness of the governance process, Charles Hoskinson’s recent tweet serves as a reminder of the dedication to inclusivity and community participation in shaping the future of Cardano.
As Cardano continues to progress towards full decentralized governance, the involvement of stakeholders in governance processes will be crucial. The recent submission of a governance action for the mainnet hard fork marks a significant step towards achieving full governance on the network. With continued community involvement and careful planning, Cardano is poised to become a leading blockchain platform with a robust and transparent governance framework that ensures the voices of all stakeholders are heard. Charles Hoskinson’s leadership and commitment to inclusivity in the governance process set a strong foundation for Cardano’s future success in the cryptocurrency space.
