The Cardano Foundation Updates the Cardano Constitution Proposal to Improve the Blockchain Ecosystem's Governance

The Cardano Foundation, responsible for developing the Cardano blockchain, released an updated proposal for the Cardano Constitution to improve the governance of the

The Cardano Foundation has unveiled an updated proposal to enhance the governance of the Cardano blockchain ecosystem. This proposal aims to improve accessibility and transparency for a broader audience.

The updated proposal, announced on July 29, incorporates changes derived from constitutional workshops, social media discussions, and feedback from experts and the community. Notably, the proposal will be translated into Japanese, Spanish, Hindi, Portuguese, and other languages for ease of use.

According to the Foundation, the updated proposal aims to "improve the accessibility and clarity of the Cardano governance framework," particularly catering to a less technical audience. This approach has enabled valuable input from diverse stakeholders, the Foundation noted.

The proposal includes specifications for governance actions, budget and treasury details, definitions, a reformatting of the Guardrails, a new table of contents, new sections, and additions to the Preamble and Tenets.

In a separate development, Cardano creator Charles Hoskinson expressed optimism for the future of ADA in an X (formerly Twitter) post, highlighting recent developments within the blockchain ecosystem.

Related: ADA and XRP Surge as Cardano and Ripple Plan DeFi Collaboration

"On chain governance has been and will continue to be very successful. These changes in the Constitution and on chain governance will create an extremely strong foundation for Cardano entering 2025," Hoskinson noted.

As if to mirror this optimism, the ADA token price surged over 12.38% within 24 hours and at the time of writing, the altcoin is trading at $0.885, eyeing the $1 price level.

Currently, the ninth-largest digital asset has dropped a massive 71.39% from its all-time high of $3.10 during the previous bull run of 2021, as per CoinMarketCap data. In the past week, ADA has surged 43.95% while skyrocketing 140.72% in the past 30 days.

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