Cardano Foundation Cardano CEO Frederik Gregoryaard made an important declaration, which resonates with promise and hope: Cardano is on the cusp of a brand new era for decentralized governance.
A new tweet has been sent. Gregaard Cardano’s decentralized governance is advancing, and the next release of an interim constitution will be announced. The full constitution should also follow.
Cardano is on the cusp of a revolution in decentralized government. A full constitution will be released soon, but the interim constitution must first come into effect. The framework is the foundation for our eco-system. @Cardano_CF
— Frederik Gregaard (@F_Gregaard) 18 April 2024 Cardano Constitution – a document that sets out rules and regulations for community governance in Cardano – is one of its most important documents.
The interim constitution will embody key Cardano principles such as transparency and openness, and make responsible decisions. This is to guarantee that all ADA holders have a voice, and can shape the future.
In addition, the interim constitution will also include guidelines that can help Cardano stakeholders to navigate through this crucial phase in on-chain governance.
Cardano’s governance relies on inclusion. According to the interim constitution, every ADA holder and developer is considered a member of the community with their rights, privileges, and responsibilities. Likewise, a fair voting system is vital for genuine ownership.
You can also read about the advantages of using Cardano The interim constitution allows the Cardano Community to try out the new governance model, before the final version is released.
The final constitution is a Cardano Community initiative. Global workshops and a Constitutional Convention are planned for 2024. This will give ADA holders the power to determine the future of Cardano governance.
Cardano Chang hard fork
Cardano’s biggest technological milestone is the Chang hard forkThe date for the is 2024. This event is the first of many steps towards establishing an affordable community government. The Cardano Community will approve the implementation, which is done using the consensus-based method that was developed during this hard fork.
The Cardano Governance Model is now entering its bootstrapping phase. Delegate Representatives are expected to be a key part of this process.
Cardano has multiple community governing boards, including the DReps. These DReps will be selected to vote on behalf of Cardano for proposals that impact the Cardano Blockchain.