Well, well, well! Look who just hit a major milestone! Cardano, after a successful Plomin hard fork, has decided to throw a party and ratify its very own Constitution! 🎉 According to a post on X by the Cardano Foundation (because who needs a newspaper when you have social media?), this Constitution is paving the way for a governance framework that’s as solid as a rock… or at least a very sturdy piece of tofu!
The Cardano Constitution has been ratified!
This milestone sets the foundation for on-chain governance, ensuring clear rules, transparency, and accountability in decision-making.
It will be fully enacted on 23 February 2025, shaping how Cardano evolves—guided by its community.
— Cardano Foundation (@Cardano_CF) February 19, 2025
So, what does this fancy new Constitution mean? It’s like giving every ADA holder a shiny new toy to play with! 🧸 It ensures that everyone gets a say in how Cardano’s future unfolds. Talk about a democracy! This milestone is a giant leap for decentralization and a tiny hop for community-driven development. 🐇
Now, let’s not forget the months of rigorous discussions, interactive workshops, and community input that went into this masterpiece. It’s like a reality show, but with fewer roses and more blockchain enthusiasts! 🌹
And just when you thought it couldn’t get any better, this milestone comes right after the Plomin hard fork, which was activated on January 29 this year. Timing is everything, folks! ⏰
Cardano’s Governance Journey: A Comedy of Errors!
Cardano announced the Chang Hard Fork back in April 2024, a two-part network update that’s supposed to enable on-chain governance. It’s like the final act of a play where everyone finally gets to vote on who gets the last slice of pizza! 🍕 Voltaire is the grand finale, taking Cardano one step closer to self-sustainability through on-chain voting and off-chain mechanisms. Who knew governance could be so thrilling?
Phase one kicked off on September 1, 2024, initiating a technical bootstrapping phase. Sounds fancy, right? It’s basically the tech equivalent of stretching before a marathon! 🏃♂️
Then comes phase two, the Plomin Upgrade! This is where Cardano’s on-chain governance goes live, and the Constitution is finalized. It’s like the grand opening of a new amusement park, but instead of roller coasters, we have ADA holders directing technical changes and Treasury withdrawals! 🎢
With the Plomin hard fork, governance shifts to DReps, SPOs, and the Constitutional Committee. They’re the new kids on the block, governing all areas of the network through an on-chain voting and treasury system based on CIP-1694. It’s like a game of musical chairs, but with a lot more responsibility and a lot less music! 🎶
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2025-02-19 18:50