Charles Hoskinson, the mastermind behind the Cardano blockchain, recently held a live stream that would make Mel Brooks proud. In true Brooksian fashion, he revealed a major push towards decentralized governance, complete with a constitution process, a roadmap ratified via on-chain governance, and a proposed budget overhaul.
Cardano’s Roadmap to Decentralization
During the live stream, Hoskinson highlighted the ongoing constitutional ratification, with about 50% of active stake voting “yes,” around 4.3% voting “no,” and approximately 44% yet to vote. He also noted that the community consensus seems to favor a “minimum viable governance” approach.
But wait, t “You’ll notice we only have two of the three [branches]…We just have a legislative branch and kind of have judicial with the Constitutional Committee, [but] the executive function is an emergent property of the people.”
Hoskinson noted that if Cardano succeeds under this model, it could set a transformative precedent: “If Cardano is successful…we’ve proven that for any governing structure—a corporation, a nation-state—you name it. Imagine the kind of world we could live in without CEOs and presidents and kings.”
So, get ready for a world without CEOs, presidents, and kings! And remember, if Cardano can pull this off, the possibilities are endless. 🌐🚀
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2025-02-08 05:12