Charles Hoskinson, the inventor of Cardano, delivers the joyful announcement that SanchoNet, the website for the CIP-1694 testnet, is now operational.
The focal point of the beginning of Cardano’s Votaire period, which ushers in government, is CIP-1694, which bears Voltaire’s birthyear. The Cardano Improvement Proposal (CIP) offers details and administrative comments on issues pertaining to Cardano’s on-chain governance.
In a nutshell, CIP-1694 seeks to offer each member of the Cardano community a voice in the future course of the cryptocurrency.
The Cardano community is introduced to governance elements from CIP-1694 through SanchoNet, which has been nicknamed the “gateway to Cardano’s governance future,” in a controlled testnet setting.
So, in accordance with thorough CIP-1694 standards, the SanchoNet testnet introduces ground-breaking governance features for the Cardano blockchain. By doing so, it expedites the creation and examination of the technical elements and procedures necessary for action governance for Cardano inside CIP-1694.
Additionally, the “playground” educates and involves the Cardano community in Voltaire’s ongoing on-chain governance initiatives.
SanchoNet, however, is not an incentive-based testnet, and there are no genuine ADA incentives for participation.
Cardano explorer launches in open beta phase
At the beginning of the week, the Cardano Foundation released the open beta stage of a new Cardano explorer. The beta is the first stage in the creation of an explorer that will meet the needs of both businesses using blockchain technology and those who are accustomed to using them.
Explorers act as navigators seeking information. This frequently entails keeping an eye on and validating blockchain-related actions, such as those involving native tokens, stake pools, and smart contracts, among other things. The explorer, which was mostly developed in the Java programming language, aims to draw a sizable developer community.
The open beta version has these two crucial components: A ground-breaking function called Staking Lifecycle uses real-time data to produce a visual depiction of key blockchain ideas. Use the Compose Report tool to create a report that can be downloaded about the activity of stake addresses or stake pools.
