Cardano promotes new management strategy
Cardano reached a major milestone with the approval of its Constitution at the World Conference held in Argentina and Kenya on September 12-5-6.
The decision, supported by 95% of delegates, marks an important step towards strengthening the decentralized governance of the network.
The Constitution sets out the guiding principles for Cardano's development, decision-making and financial management. It also lays the groundwork for a legal framework to combat unscrupulous players and outlines plans to turn #cardano into a possible #DeFi hub that could store assets similar to wrapped bitcoins.
Charles Hoskinson, Cardano's founder, emphasized the importance of this development to create a more sustainable and capable ecosystem.
Next month, Cardano's decentralized representatives (DREPs) will review the constitution. Meanwhile, the Cardano ecosystem continues to grow. The total number of transactions exceeds 1 billion and the DeFi sector is growing significantly. In 11 months, TVL has increased from 222,800 million to 668,600 million. The exchange rate of #ADA , the network's own #token , has risen 1% over the past 184 months and is currently trading at 1.20.
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