EMURGO announces stopping the delegation of Genesis ADA to seven community DRep Tokens to enhance fairness in Cardano governance.
This is a follow-up step after EMURGO stopped delegating Genesis ADA for its own DRep Tokens, reflecting community feedback on the use of Genesis ADA delegation.
MAIN CONTENT
EMURGO stops delegating Genesis ADA for seven community DRep Tokens.
The action aims to promote inclusivity and fairness in Cardano governance.
The removal of delegation is carried out after Epoch 576 to protect active treasury proposals.
What announcements has EMURGO made regarding Genesis ADA and DRep Tokens?
EMURGO announced on Twitter on August 17 about stopping the delegation of Genesis ADA for all seven community DRep Tokens to promote fairness in Cardano governance.
This decision aims to facilitate open, transparent governance and reflect the broad voice of the Cardano user community.
Why did EMURGO decide to stop delegating Genesis ADA for community DRep Tokens?
This decision comes from positive feedback and warnings from the community, especially in the Rare Evo discussions about the use of Genesis ADA delegation rights.
These responses indicate concerns about the potential loss of equality and transparency in governance if Genesis ADA continues to be overly centralized around certain DRep Tokens.
EMURGO sees this as a necessary step to promote inclusivity and avoid power domination in the Cardano ecosystem.
Stopping the delegation of Genesis ADA for DRep Tokens aims to ensure that Cardano governance becomes fair and transparent, accurately reflecting the community's voice.
EMURGO, the developer of Cardano, announced on August 17, 2024
When will the stopping of Genesis ADA delegation take place and what will be the impact?
The removal of Genesis ADA delegation will take place after Epoch 576, transitioning to Epoch 577 in the Cardano network.
This timing was carefully chosen to avoid disrupting active treasury proposals, ensuring continuity in governance and network operation.
This process reflects EMURGO's commitment to the stability and integrity of the Cardano ecosystem.
How does stopping the delegation of Genesis ADA affect Cardano governance?
This contributes to minimizing power concentration, increasing transparency and fairness in the voting and governance mechanism.
This helps expand participation rights in the network's management and development, thereby strengthening trust and encouraging positive contributions from a diverse community.
What are DRep Tokens and their roles in Cardano?
DRep Tokens are used to represent voting rights in Cardano governance, helping users participate in decision-making on important network issues.
They assist in delegating and gathering support from the community to promote proposals and ecosystem-building activities.
The management and delegation of Genesis ADA to these Tokens significantly impact fairness and power distribution in Cardano.
Frequently Asked Questions
What impact does EMURGO stopping Genesis ADA delegation have on users?
This decision aims to increase fairness in governance, not directly affecting users' transaction activities or ADA ownership.
When will the stopping of Genesis ADA delegation take place?
It will be implemented after the transition from Epoch 576 to Epoch 577 to ensure that active treasury proposals are not disrupted.
What are DRep Tokens and why are they important in Cardano?
DRep Tokens are used to represent voting rights in governance, allowing the community to participate in voting on important decisions.
What is the reason for EMURGO stopping the delegation of Genesis ADA for community DRep Tokens?
This move aims to respond to community feedback, increasing transparency and fairness in Cardano governance.
Does stopping the delegation of Genesis ADA affect the treasury proposals?
This is done after Epoch 576 to protect active treasury proposals from being affected.
Source: https://tintucbitcoin.com/cardano-emurgo-dung-uy-quyen-genesis-ada/
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