DecentralizedGovernance
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Who Controls the $LAYER Token? An Overview of Solayer’s
Governance 🚀
The Solayer (LAYER) token is part of a decentralized network and is not owned by any individual or private entity in the conventional sense. Rather, it operates within a decentralized ecosystem managed by the Solayer Foundation. This nonprofit organization focuses on the development and growth of the Solayer network, built on the Solana blockchain.
Although some sources have linked prominent figures such as Anatoly Yakovenko and Raj Gokal, co-founders of Solana, to the token's creation, the official launch of the Solayer token took place in August 2024. The Solayer Foundation, through official communications like “Solayer Foundation Announces Native Token, $LAYER ” and “Introducing the Solayer Foundation, LAYER Token, and Season 1,” clarifies that the governance of the Solayer network is decentralized, with decisions being made collectively by $LAYER token holders.
In summary, the control and oversight of the $L$LAYER ken are vested in the Solayer Foundation, ensuring that the project follows a community-driven, decentralized governance model rather than being dictated by individual stakeholders or a profit-driven corporation. The community plays an active role in shaping the direction of the protocol.
#LAYER #Solayer #DecentralizedGovernance #CryptoProjects #Blockchain
Governance 🚀
The Solayer (LAYER) token is part of a decentralized network and is not owned by any individual or private entity in the conventional sense. Rather, it operates within a decentralized ecosystem managed by the Solayer Foundation. This nonprofit organization focuses on the development and growth of the Solayer network, built on the Solana blockchain.
Although some sources have linked prominent figures such as Anatoly Yakovenko and Raj Gokal, co-founders of Solana, to the token's creation, the official launch of the Solayer token took place in August 2024. The Solayer Foundation, through official communications like “Solayer Foundation Announces Native Token, $LAYER ” and “Introducing the Solayer Foundation, LAYER Token, and Season 1,” clarifies that the governance of the Solayer network is decentralized, with decisions being made collectively by $LAYER token holders.
In summary, the control and oversight of the $L$LAYER ken are vested in the Solayer Foundation, ensuring that the project follows a community-driven, decentralized governance model rather than being dictated by individual stakeholders or a profit-driven corporation. The community plays an active role in shaping the direction of the protocol.
#LAYER #Solayer #DecentralizedGovernance #CryptoProjects #Blockchain
Cardano Takes a Major Step Towards Full Decentralization with New Governance Constitution
$ADA
Cardano has officially ratified its groundbreaking new Constitution, a crucial milestone in its journey toward a fully decentralized governance model. The project's founder, Charles Hoskinson, shared the news in a video announcement, unveiling the final version of the Constitution that will replace the interim framework. This new structure sets the stage for a transparent, community-driven decision-making process, further solidifying Cardano's commitment to decentralization.
The ratification of the Constitution saw overwhelming support from the community, with an impressive 85% of participants voting in favor of the new governance framework. While a minority of 6.62% opposed the proposal, and 7.68% opted not to participate, the results show a clear consensus behind the direction Cardano is taking. Set to be fully enacted on February 23, 2025, this new governance model ensures that Cardano’s evolution will now be steered by its decentralized community rather than a central authority.
This achievement comes after two years of extensive collaboration, with over 1,800 contributors from more than 50 countries. Cardano’s ecosystem now includes over 800 stakeholders and more than 108,000 active delegators, making it a self-governing entity. Hoskinson confidently declared that this move renders Cardano "unstoppable" as governance decisions will be made by elected officials. Looking ahead, the project plans to focus on refining its roadmap, transitioning to a fully elected Constitutional Committee by September, and allocating its budget efficiently to support sustainable growth.
In addition to this milestone, Cardano's competitive edge continues to grow, with strategic partnerships such as BitcoinOS, the privacy-focused Midnight initiative, and the scaling solution Leios. Hoskinson emphasized that Cardano now has the largest governance layer in the crypto space, enabling it to crowdsource innovative ideas and integrate cutting-edge AI-driven strategies. With this major step towards decentralization, Cardano is poised to lead the way in blockchain governance and innovation.
#Cardano #ADA #BlockchainRevolution #DecentralizedGovernance
Cardano has officially ratified its groundbreaking new Constitution, a crucial milestone in its journey toward a fully decentralized governance model. The project's founder, Charles Hoskinson, shared the news in a video announcement, unveiling the final version of the Constitution that will replace the interim framework. This new structure sets the stage for a transparent, community-driven decision-making process, further solidifying Cardano's commitment to decentralization.
The ratification of the Constitution saw overwhelming support from the community, with an impressive 85% of participants voting in favor of the new governance framework. While a minority of 6.62% opposed the proposal, and 7.68% opted not to participate, the results show a clear consensus behind the direction Cardano is taking. Set to be fully enacted on February 23, 2025, this new governance model ensures that Cardano’s evolution will now be steered by its decentralized community rather than a central authority.
This achievement comes after two years of extensive collaboration, with over 1,800 contributors from more than 50 countries. Cardano’s ecosystem now includes over 800 stakeholders and more than 108,000 active delegators, making it a self-governing entity. Hoskinson confidently declared that this move renders Cardano "unstoppable" as governance decisions will be made by elected officials. Looking ahead, the project plans to focus on refining its roadmap, transitioning to a fully elected Constitutional Committee by September, and allocating its budget efficiently to support sustainable growth.
In addition to this milestone, Cardano's competitive edge continues to grow, with strategic partnerships such as BitcoinOS, the privacy-focused Midnight initiative, and the scaling solution Leios. Hoskinson emphasized that Cardano now has the largest governance layer in the crypto space, enabling it to crowdsource innovative ideas and integrate cutting-edge AI-driven strategies. With this major step towards decentralization, Cardano is poised to lead the way in blockchain governance and innovation.
#Cardano #ADA #BlockchainRevolution #DecentralizedGovernance
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