tl;dr
Cardano's blockchain constitution has been ratified by the network's community, paving the way for its implementation on Feb. 23. The constitution establishes on-chain governance, transparency, and accountability. It formalizes a decentralized decision-making process, with ADA holders playing a dire...
Cardano's blockchain constitution has been ratified, signaling the network's full decentralization as it embraces on-chain governance, transparency, and accountability. On Feb. 23, the constitution will come into effect, formalizing a decentralized decision-making process that includes ADA holders in shaping Cardano's evolution. This milestone garnered broad support from Delegated Representatives and the Interim Constitutional Committee, marking a significant shift in Cardano's governance structure.
Founder Charles Hoskinson celebrated this achievement, highlighting the absence of a single control point in the network and emphasizing global community involvement in the drafting process, which engaged over 1,800 contributors from 50 countries. The interim constitutional committee, responsible for this historic transformation, will undergo reelection later this year as members' terms expire.
The Cardano Foundation confirmed the community's official ratification of the blockchain's constitution, heralding a new era of governance for Cardano. The constitution, underpinned by extensive discussions, workshops, and stakeholder contributions, sets the stage for clear rules and inclusive decision-making, cementing Cardano's commitment to decentralization.