Ethereum (ETH) and Cardano (ADA) Co- Founder Announces New Voting Tool
Charles Hoskinson, co- founder of Ethereum (ETH) and Cardano (ADA), made a whole lot of notice about a new voting tool, the Cardano (ADA) Ballot (Ballot). This tool will be used to decide the Cardano (ADA) Improvement Proposition 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 (ADA) community on the progress of Cardano’s goal of becoming a self-sustaining system. The Cardano (ADA) Foundation, Intersect, and Input Output Worldwide developed the Ballot technology.
Cardano (ADA) Ballot Last Step to Autonomy
To join 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 (ADA) Treasury, and parameter changes. This is part of the governance roadmap to allow easy “wallet voting” in Cardano (ADA), making it self-sustaining and independent of Input Output Global.
The new user adoption rate of Cardano (ADA) rose to a monthly peak of 32.3% on Nov. 9 and stayed over 30% for five days. The token’s price is as of now $0.356.
Hoskinson mentioned that the Cardano (ADA) Foundation worked diligently on developing the Ballot system. The Cardano (ADA) developer community is the most active according to data from Santiment.
Recently, the Cardano (ADA) Foundation announced a new project was known Ledger Sync, to simplify the provisioning of blockchain data for developers. The Foundation is coding the program in Java to assist developers access data from Cardano (ADA) transaction blocks more efficiently.
If you have something to emphasize about Cardano (ADA) Ballot, you can write to us or join the discussion in our Telegram channel.
Hot Take: Cardano’s Future Direction
Cardano (ADA) is pushing for more self-sustainability through innovative tools like the Cardano (ADA) Ballot. With the community actively taking part , the consensus on major decisions will in the end make Cardano (ADA) less centralized and more independent.
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