Cardano Foundation debuted an update proposal for the Cardano Constitution.
The proposal includes specifications for governance actions along with financial details.
ADA has surged 43.95% in the last seven days and is ranked ninth on CoinMarketCap.
The Cardano Foundation, responsible for developing the Cardano blockchain, released an updated proposal for the Cardano Constitution to improve the governance of the blockchain ecosystem. Creator Charles Hoskinson expressed optimism for the layer-1 network’s future.
The draft of the Constitution, created on July 29th, forms the basis of this updated proposal, which incorporates changes from constitutional workshops, social media discussions, and expert and community feedback. Incidentally, the updated proposal is to be made available in Japanese, Spanish, Hindi, Portuguese, and other languages for ease of use for the community.
Improving Accessibility and Transparency
The updated proposal aims to “improve the accessibility and clarity of the Cardano governance framework,” focusing on a less technical audience. The Foundation explained this approach allowed them to gather valuable input from various stakehold…
The post Cardano Releases Updated Constitution, ADA Price Jumps 12% appeared first on Coin Edition.
