Ethereum and Cardano Co-Founder Announces New Voting Tool
Charles Hoskinson, co-founder of Ethereum and Cardano, made a significant announcement about a new voting tool, the Cardano Ballot (Ballot). This tool will be used to decide the Cardano Improvement Proposal CIP-1694. The voting process will involve a snapshot on Nov. 21 and a voting period between Dec. 11 and Dec. 16.
The purpose of the voting event is to gather feedback from the Cardano community on the progress of 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 are required to stake Cardano (ADA) by Monday, Nov 20. Staking users and non-hardware wallets can give feedback via a form while hardware wallet users can vote later. The poll results will be published by Dec. 16, and the feedback will inform development and governance priorities in 2024.
Charles Hoskinson wants the Ballot to be used as a template to gauge community sentiment around major decisions such as hard forks, Cardano Treasury, and parameter changes. This is part of the governance roadmap to allow easy “wallet voting” in Cardano, making it self-sustaining and independent of Input Output Global.
The new user adoption rate of Cardano rose to a monthly peak of 32.3% on Nov. 9 and stayed above 30% for five days. The token’s price is currently $0.356.
Hoskinson mentioned that the Cardano Foundation worked diligently on developing the Ballot system. The Cardano developer community is the most active according to data from Santiment.
Recently, the Cardano Foundation announced a new project called Ledger Sync, to simplify the provisioning of blockchain data for developers. The Foundation is coding the program in Java to help developers access data from Cardano transaction blocks more efficiently.
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Hot Take: Cardano’s Future Direction
Cardano is pushing for more self-sustainability through innovative tools like the Cardano Ballot. With the community actively participating, the consensus on major decisions will ultimately make Cardano less centralized and more independent.
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