Earlier today, Frederic Gregaard, CEO of the Cardano Foundation, spoke about Cardano's future governance structure, which will be a turning point in the evolution of this blockchain platform.
Cardano Foundation is a non-profit organization based in Zug, Switzerland that oversees and controls the development of the #Cardano #blockchain ecosystem. Its #core functions include facilitating adoption, shaping legal and commercial standards, developing the global Cardano community, holding stakeholders accountable, and fostering partnerships. The foundation's activities are aimed at protecting and promoting Cardano, as well as protecting the interests of the protocol's users and the community.
Mr. Gregard announced the development of an interim Terms of Reference that will lay the foundation for the decentralized governance of Cardano, highlighting the role of the community in shaping the future of the ecosystem.
Mr. Gregard detailed that the interim terms of reference are designed to embody the core values of the global Cardano community and will guide the initial governance of the blockchain. He emphasized that transparency, openness and responsible decision-making are fundamental principles of Cardano governance. CEO Gregard stated that the interim code ensures that all #ADA holders have a voice in the ecosystem and that the governance structure is inclusive and representative of all stakeholders.
The CEO emphasized the importance of inclusivity in governance, noting that all ADA holders, developers, and community participants have rights, privileges, and responsibilities as outlined in the interim TOS. He also emphasized the need for a fair voting system to maintain true ownership and participation in the governance process.
Mr. Gregard also mentioned the implementation of checks and balances in governance.
Mr. Gregard explained that the interim constitution is an important step for the Cardano community to test and refine the governance model before it becomes the final constitution. Mr.
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