Cardano Founder Charles Hoskinson Reveals Next Steps for ADA Governance
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Charles Hoskinson, the founder of Cardano, explained the plans for the Cardano blockchain governance.
He pointed out that the deployment of decentralized representatives (dReps) will significantly shift the control of the treasury even without a complete constitution.
This is expected to happen within 90 days after the significant Cardano update, referred to as the Chang hard fork.
The adoption of decentralized governance mechanisms via CIP-1694, launched in November 2022, was a significant shift for the Cardano network.
This framework ensures the involvement of all ADA stakeholders in the governance process.
Furthermore, it creates a well-coordinated system where three main entities – Delegated Representatives (DRePs), Constitutional Committee (CC), and Stake Pool Operators (SPOs) – are involved
