CoinDesk Podcast Network Cardano CTO on Transition to Full Decentralized Governance
Jan 29, 2025
Giorgio Zinetti, CTO of the Cardano Foundation, shares insights into Cardano's innovative transition to decentralized governance following the Plomin hard fork. He discusses the empowering 'one ADA, one vote' principle that enables community participation. Zinetti also highlights the importance of voter involvement in Cardano's unique tricameral governance structure, designed to prevent wealthy stakeholder dominance. Additionally, he reveals plans to unlock a $1.5 billion treasury for community funding proposals, fostering creativity and collaboration within the ecosystem.
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Decentralized Governance on Cardano
- Cardano participants can now decide the blockchain's roadmap and direction.
- This is similar to a nation-state with direct democracy, like Switzerland.
Cardano Voting Power
- Cardano's voting power is currently based on a one ADA, one vote system.
- Research is underway to make this system even fairer in the future.
Cardano's Tricameral System
- A tricameral system balances incentives to prevent whales from controlling decisions.
- This system includes delegated representatives, SPOs (node runners), and a constitutional committee.