New CIP aims to address some shortcomings
As the Cardano network enters its next era, the founders of Cardano charles hawkinson has taken to Twitter to share the first CIP for the era of Voltaire, ushering in decentralized decision making.
The CIP, according to the Github release, proposes a system for on-chain governance that will support Cardano’s Voltaire phase. The document improves and expands upon the initial Cardano governance model, which was predicated on a certain number of governance keys. In order to implement the planned Voltaire governance system, it intends to take a first step that is both beneficial and practically feasible soon.
This idea will be modified and expanded in subsequent proposals to accommodate changing governance demands. Voltaire Edge is a sequel to the current Basho phase, which was about improving the underlying network performance.
Here are proposed governance changes
The Shelley era saw the introduction of a delegation and incentive scheme through community-run stake pools, increasing Cardano’s decentralization. Shelley set the stage for a decentralized and functional network, ultimately laying the groundwork for the Voltaire Era.
The current Shelley administration design was intended to provide a simple, transitional approach to governance. The new CIP aims to address some of the shortcomings of that design. The new governance proposal aims to allow active on-chain participation by ADA holders.
Additionally, because movements from the Treasury can be hard to track, the CIP aims to increase transparency and layers of control over these moves. Also, hard forks are not differentiated from other protocol parameter changes, although they need to be treated specially by SPOs.
Finally, CIP proposes a Cardano constitution. Even though many community members and the founding entities of Cardano share a largely universal vision, there is no clearly defined document where these guiding principles are recorded. It is appropriate to use the Cardano blockchain to permanently preserve the ethos of the project in the form of the Cardano Constitution.
