Charles Hoskinson, founder of Cardano, has revealed an extensive decentralized governance plan and budget overhaul aimed at ensuring the blockchain platform’s evolution without a centralized executive branch. In a recent live stream, Hoskinson discussed the status of Cardano’s ongoing constitutional ratification, a forthcoming roadmap, and a proposed budget restructuring.
The constitutional process, currently underway, has seen approximately 50% of active stake voting “yes,” while 4.3% have voted “no.” Hoskinson anticipates a likely ratification date around February, barring any sudden influx of “no” votes. The community appears to favor a “minimum viable governance” approach, with the constitution remaining open to future revisions.
Cardano’s roadmap will be ratified via on-chain governance, with Input Output Global (IOG) and Intersect proposing versions that include features like Ouroboros Leios and multi-client architecture development. The most contentious issue involves the budget, with Hoskinson emphasizing the importance of transparency and process in funding allocation.
The proposed budget process allows for multiple competing proposals, which will be consolidated by a working group of Decentralization Representatives (DReps) and the Constitutional Committee. Hoskinson also introduced the concept of funding coalitions for core protocol work and broader ecosystem support.
To address concerns about misallocation or misuse, audit and oversight will be a foundational aspect of Cardano’s governance blueprint. Hoskinson’s plan notably lacks a formal executive branch, instead relying on a legislative system and a judicial-like Constitutional Committee. If successful, this model could set a transformative precedent for various governing structures.
With ADA trading at $0.71 at press time, the market will closely watch how Cardano’s decentralized governance plan unfolds and its potential impact on the platform’s long-term growth and adoption.
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Tags: Cardano, ADA, Decentralized Governance, Budget, Charles Hoskinson
Source: https://bitcoinist.com/cardano-founder-decentralized-roadmap-budget/