The CEO of the Cardano Foundation, Frederik Gregaard, has recently unveiled the interim constitution of Cardano, marking a significant milestone in the community’s journey towards decentralized governance. The interim constitution is designed to uphold values such as transparency, accountability, and responsible management, ensuring that every ADA owner has a say in shaping the future of the blockchain.
However, it is important to note that this constitution is just the beginning and will evolve throughout the development of governance. As Cardano prepares for a new formation, the interim constitution will be tested and utilized to manage governance more efficiently. This inclusive form of governance aims to consider and include the opinions of all interested parties.
In conjunction with the upcoming Chang hard fork scheduled for 2024, the prospectus for the interim constitution has been revealed. This hard fork will utilize a secret ensconce technique, imprinting its future actions on the Cardano management model. In addition, the community will be introduced to Delegate Representatives (DReps) after the hard fork, who will play a crucial role in establishing an efficient and fair voting system that welcomes diverse suggestions. The ultimate goal is to ensure that the decision-making process is transparent and inclusive for all members of the community.
In other news, Ripple’s performance has been relatively subdued recently, leaving many wondering what the future holds for XRP.