Cardano Constitution, a one-of-a-kind multi-purpose codex of principles for the Cardano (ADA) ecosystem, its scaling, growth and tech development, is now one step closer to being ratified. Being green-lit by Constitution Committee, the draft awaits approval from DReps. Cardano Constitution accepted by Committee, ADA community referendum arrives next month According to the official statements by Cardano's IOG and EMURGO, the first draft of the Cardano Constitution, a universal code of "provisions and guardrails" for the blockchain's future, received an approval from Constitutional Convention 2024. We’ve come a long way to make today happen. The Cardano Constitution has been accepted, marking a defining moment in this journey toward fully decentralized governance. We still have one further crucial step to take as a community. Next, in January, the approved text will be… $SOL
https://t.co/BwKks69o9X HOT Stories Cardano Constitution Finally Accepted: What to Know Key Driver for Bitcoin (BTC) Omega Candle Named by Samson Mow Ethereum (ETH) $4,000 Comeback: What's Next? Did Bitcoin (BTC) Reach Top? Solana (SOL) Finally Breaks Downtrend Yellen Says Crypto Poses Risk to Financial System — Input Output (@InputOutputHK) December 6, 2024 Cardano Constitutional Convention took place in Buenos Aires, Argentina, on Dec. 5-6. It was attended by dozens of Cardano (ADA) enthusiasts, developers, investors and researchers from across the globe as well as by ADA stakers and delegators. ADVERTISEMENT As this major milestone is accomplished, the document passes to the ADA community. In January 2024, DReps (Delegated Representatives) of Cardano (ADA) will either approve the document or reject it. As per the CardanoScan explorer, there are about 800 DReps in the Cardano (ADA) ecosystem. Over half of them are active and allocated deposits of 500 ADA (roughly $600 in equivalent) as governance contributions. Since the DReps referendum is set to happen in January 2025, ADA holders still have an opportunity to delegate their votes in favor of one of them
Read more on U.Today https://u.today/cardano-constitution-finally-accepted-what-to-know?utm_source=CryptoNews&utm_medium=app