For Charles Hoskinson, Cardano is primed to transform the blockchain and lead the decentralized revolution. In a recent Twitter/X post, Hoskinson shared his campaign to make Cardano accessible to its users and token holders.
Cardano founder Charles Hoskinson is on a mission to make blockchain governance accessible to everyone. In a recent Twitter/X post, Hoskinson shared his campaign to ensure that Cardano’s governance includes everyone.
“Welcome to governance everyone, it’s messy and tough, but it’s the only way to include everyone. For the last decade, I’ve tried to do everything in my power to ensure that Cardano is run by the millions who use it and own ada,” Hoskinson wrote.
According to Hoskinson, Cardano is two milestones away from leading and redefining blockchain governance. The community needs to ratify the constitution and approve the budget system. After that, blockchain governance will be in the hands of ADA token holders.
“We are at a very critical inflection point where governance of Cardano by the community will be fully realized. All that remains is the ratification of the constitution and the approval of the budget system. After that, governance is in the hands of ada token holders,” Hoskinson added.
Cardano recently introduced its Chang Hard Fork, a two-part system upgrade that aims to boost functionality and decentralized governance. The first part of the upgrade was launched earlier this year, increasing the network performance by burning genesis keys and assigning voting power to its Constitutional Committee. Also, the latest roll-out of new improvements on the network, like the Plutus v3, enhanced the blockchain’s innovative contract features.
The Constitutional Committee now has voting powers and is just a temporary addition to the system. Once the constitution has been ratified, the committee will be abolished. From hereon, the governance of the Cardano blockchain is in the hands of ADA token holders. The launch of this new upgrade represents a significant milestone, allowing it to come closer to the ultimate objective of complete decentralization.
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