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Charles Hoskinson Announces Cardano Governance Ballot Details
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Ethereum and Cardano co-founder Charles Hoskinson announced a new voting tool, called the Cardano Ballot (Ballot), that will be used to decide the Cardano Improvement Proposal CIP-1694. Hoskinson said the voting process will involve a snapshot on Nov. 21, and a voting period between Dec. 11 and Dec. 16.
The polling event will solicit feedback from the Cardano community on the progress toward Cardano’s goal of becoming a self-sustaining system. The Cardano Foundation, Intersect, and Input Output Global developed the Ballot technology.
Cardano Ballot Last Step to Autonomy
To participate in the poll, users will have to stake Cardano (ADA) by Monday, Nov 20. Staking users and other non-hardware wallets will be able to send comments via a feedback form, while those with hardware wallets can vote at a later date.
Read more: How To Stake Cardano (ADA)
The poll results will be published by Dec. 16. The feedback from the poll will be used to inform development and governance priorities in 2024.
Hoskinson said he wants the Ballot to form a template upon which to build an entire system to check community sentiment around big decisions, including hard forks, the Cardano Treasury, and parameter changes to testnets. It is part of the community’s overall governance roadmap to allow easy “wallet voting,” he said. The end goal is to make Cardano a self-sustaining system independent of the control of Input Output Global.
Cardano’s new user adoption rate rose to a monthly peak of 32.3% on Nov. 9, and stayed above 30% for five consecutive days. The token’s price is currently $0.356.
Hoskinson said in a live broadcast on Thursday that the Cardano Foundation had worked hard in developing the Ballot system. But in general, the Cardano developer community is the most active, according to data from Santiment.
Earlier this week, the Cardano Foundation announced a new project called Ledger Sync to more easily provision blockchain data for developers. The Foundation is coding the program in Java to help developers access data from Cardano transaction blocks more efficiently.
Read more: Top 11 Programming Languages Used in Blockchain Development
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In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content.
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