The Evolution Of Voting Systems On The Cardano Blockchain
Article by LiberLion and Presented by Josh [ATM]
Link to full article;
Link to The Beginning of Cardano’s Governance: Project Catalyst;
Link to A CIP for a Decentralized Governance Mechanism for the Voltaire Era;
Link to Cardano Cube article;
Link to SPOCRA GitHub;
Link to Voting Proposal” JSON specification;
Link to DripDropz built an on-chain voting system;
Link to DripDropz Governance V4 Results;
Link to Voteaire;
In this video, we'll be discussing the evolution of voting systems on the Cardano blockchain. On-chain, off-chain and in the middle are three different types of voting systems that have been proposed so far. We will be talking about the pros and cons of each system, and what the potential implications are.
This is a vital topic that is sure to be of interest to Cardano holders, so make sure to watch the video to learn more about this exciting new development!
Governance is one of the main pillars in the design of Cardano, according to the vision of Charles Hoskinson, its founder.
Blockchain governance implies decentralization, if all change is decided by democratic consensus.
Currently, and like all development in its early days, there is no governance of the Cardano community, because it is very difficult to coordinate progress. Even Bitcoin, the blockchain of which its community affirms that it “does not have a CEO”, in its beginnings it was centralized, since its developer, Satoshi Nakamoto, was (were they?) the one who designed and coded it, and was even the first miner .
Voltaire is the Age of Governance, and had its first milestone in September 2020 with the launch of Project Catalyst FUND 1, an ongoing experiment, which aims for decentralized innovation and collaboration, within a blockchain ecosystem, supporting community developments with community voting, distributing money from the Cardano Treasury. My article: The Beginning of Cardano’s Governance: Project Catalyst
Recently, the IOHK team added a new improvement proposal to evolve governance with a simple and transient design, The existing governance mechanism, which was introduced in the Shelley Era ledger, is capable of modifying parameter values of the protocol, including the initiation of Hard Forks, and the transfer of ADA from reserves and treasury, and that is where this proposal points. My article: A CIP for a Decentralized Governance Mechanism for the Voltaire Era.
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