The Cardano Foundation’s CEO, Frederik Gregaard, recently announced the release of Cardano’s interim constitution. This marks a significant step towards decentralizing governance within the Cardano community. The interim constitution will encompass values such as transparency, accountability, and responsible management, ensuring that every ADA owner has a say in shaping the blockchain’s future.
It’s important to note that this constitution is just the beginning and will evolve as governance progresses. The interim constitution will be tested and utilized to manage governance as Cardano prepares for upcoming changes. The Chang hard fork, expected to occur in 2024, will coincide with the introduction of Delegate Representatives (DReps) to the community.
These individuals will play a crucial role in establishing an efficient and fair voting system that allows for the consideration of different proposals. The ultimate goal is to ensure that everyone in the community can actively participate in the decision-making process.
In other news, Ripple’s performance has remained subdued, leaving investors wondering about the future of XRP.
