As a seasoned analyst with a keen eye for detail and years of experience under my belt, I find Charles Hoskinson’s recent address to the ADA community both reassuring and enlightening. Having followed the Cardano project since its inception, it’s clear that the governance workstream has been a labor of love for the team, with the Age of Voltaire conference at the University of Edinburgh marking a pivotal moment in this journey.
Toward the end of the year, Charles Hoskinson, the founder of Cardano, spoke to the ADA community via X with an essential message. In this post on Twitter, Hoskinson discussed the governance workstream, CIP-1694, and the Cardano constitution, addressing recent apprehensions about the speed of governance activities.
As per Hoskinson’s statement, the initiative for decentralized governance for the Cardano network was initiated at the Age of Voltaire conference held at the University of Edinburgh in late 2022. This marked the beginning of concentrated efforts towards this goal. These endeavors eventually led to CIP-1694, a proposal detailing the steps for decentralized governance, and a draft constitution was presented two years later.
Allow me to bring to everyone’s attention that our governance initiative was launched back at the Age of Voltaire conference held at the University of Edinburgh towards the end of 2022. This project culminated in CIP-1694 and a proposed constitution after a span of two years filled with discussions, design phases, debates, and more.
— Charles Hoskinson (@IOHK_Charles) December 27, 2024
In his tweet, Hoskinson wrote: “I want to remind everyone that the governance workstream was kicked off during the Age of Voltaire conference at the University of Edinburgh in late 2022. This workstream resulted in CIP-1694 and the candidate constitution after two years of discussion, design, debate, and community involvement.”
Hoskinson addresses recent concerns
It appears that Charles Hoskinson’s comment is a reaction to apprehensions expressed by certain members of the Cardano community, who believe that the decision-making process, specifically the creation of the Cardano Constitution, may be moving too quickly for their comfort.
The Cardano founder explains that the candidate constitution has been developed over a span of two years through discussions, design, debates, and active engagement with the community.
Through emphasizing this point, Hoskinson aims to address recent apprehensions and underscore the thoughtful planning behind Cardano’s governance structure. This reassurance conveys that the governance process has been meticulous and collaborative, with many rounds of discussions and input from multiple stakeholders over the past two years.
As a proud Cardano investor, I’ve just witnessed an exciting step forward in our journey: The governance action for the mainnet hard fork was submitted on-chain, marking the culmination of the initial stage for on-chain governance. If implemented, this action will usher in the full governance as detailed in CIP-1694, signaling the end of the technical bootstrapping phase and paving the way for a more decentralized future.
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2024-12-28 18:03