Cardano prepares for the launch of the Voltaire Era of its development

One of Charles Hoskinson’s goals for Cardano is to implement a fully decentralized governance model on this platform. This is what the Era Voltaire will take part in, the 5e step of the Cardano roadmap.

Cardano’s Voltaire Era will be formalized later this year

In December 2022, Charles Hoskinson announced Cardano’s entry into the Voltaire Era, the 5e stage of its development. Via recent communications from Cardano Spot, the social media network of the Cardano community, we know a little more about this project.

Indeed, the latest news announces for this year, the concretization of this phase of the development of the blockchain. Through the latter, the company wants to strengthen its credibility in the crypto ecosystem by focusing primarily on its community.

Once effective, this will undoubtedly be at the heart of the Voltaire Era, expected to be the archetype of decentralized governance for the entire crypto industry. Because, the ambitions of Hoskinson, it is to set up an entirely autonomous system conferring full powers to its users.

Users at the heart of the decision-making process

Concretely, the Voltaire Era should allow them to really weigh in on Cardano’s future development choices. This, through their participation and voting rights, supported by voting and treasury systems that will be introduced. Without this, stakeholders believe that effective decentralization on the platform remains illusory.

It is for this reason that with the Voltaire Era, each member of the Cardano ecosystem will be able to submit improvement proposals. These will then be voted on by the stakeholders, based on the staking and delegation mechanisms already in place. This, by pooling a portion of the transaction fees, to finance the development operations of the Cardano blockchain.

The result of all this is that Input Output Global (IOG), the firm behind Cardano, will no longer be the only captain aboard the ship. Although the latter will maintain an important role in Cardano, it is the members of its community who will be at the heart of decision-making.

Which means they have free rein to control and evolve the blockchain. Cardano seems to be one of the few platforms working on such a decentralized governance model.

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