Cardano has made a huge step towards creating a completely decentralised decision-making system with the introduction of CIP-1694. Since officials from all across the world gathered to examine the proposal’s specifics, it has received considerable global interest. In order to promote thorough debates on the plan, more than 50 workshops involving close to 1,000 community members were organised over the course of six months.
By holding these workshops, it was hoped to make sure that the governance structure reflected the wants and interests of the Cardano community. After careful consideration of the suggestions made throughout this process, a community-led proposal for the Minimum Viable Governance (MVG) framework has emerged and will be put to a vote by all ADA holders.
The Cardano community will have the chance to engage in voting sessions as CIP-1694 moves closer to its final form to decide if the suggested framework is acceptable.
Community voting
Members of the community will have multiple chances to participate in the voting process, helping to develop the governance structure that best serves their interests as a whole. The Cardano ecosystem’s decentralised governance might be advanced significantly with the help of this participative strategy.
Due to the Voltaire era’s significance as the pinnacle of Cardano’s progress, CIP-1694’s effective execution gains utmost significance. The community’s ability to come to a broad agreement will determine the future of Cardano’s on-chain governance. As anticipation for the next voting sessions grows, everyone is now excitedly anticipating the next step in Cardano’s path towards complete and genuine decentralisation.
