Nov 17, 2024
6thTrade
Charles Hoskinson, the founder of Cardano, recently emphasized the critical role of the Cardano community in driving the network’s evolution. He praised its members as “the best entrepreneurs,” highlighting how the recent Voltaire upgrade has empowered users with greater control over the network’s governance, fostering a more autonomous and decentralized system.
The Voltaire upgrade, part of the final phase in Cardano’s roadmap, marks a significant step toward decentralization. This upgrade allows users to actively participate in the governance process by voting on decisions that shape the network's future development. By introducing a voting and treasury system, Cardano aims to minimize centralization while enabling its community members to take on a more active role.
Hoskinson’s comments were a response to a post by a developer who shared their personal sacrifices, including selling everything, even their home, to contribute to Cardano. This deep commitment reflects the passion and dedication that many in the community bring to the project.
With the Voltaire upgrade, participants in the Cardano ecosystem can submit improvement proposals, which are then voted on by stakeholders using the existing staking and delegation processes. To sustain future network developments, Voltaire also includes a treasury system where a portion of all transaction fees is collected to fund projects approved through the voting process.
This sense of ownership is building confidence in Cardano’s trajectory. The recent sharp increase in ADA’s price, soaring 134% in under two weeks, indicates that the community’s growing involvement is having a positive impact on the project’s outlook.
