Cardano Governance: A Decentralized Future through Project Catalyst! 🗳️💡
Cardano aims for complete decentralization of governance, allowing ADA token holders to make decisions about the future development of the protocol. The Project Catalyst and the upcoming Voltaire Era play a key role in this process.
Project Catalyst: This is the world's largest decentralized autonomous organization (DAO) for funding innovations. ADA holders vote on proposals for the development of the Cardano ecosystem, using funds from the project treasury. This allows the community to directly influence which projects receive funding and are developed.
Treasury System: A portion of transaction fees and ADA inflation is directed to the Cardano treasury, from which community-approved projects are funded.
Voltaire Era: This is the final phase of the Cardano roadmap, which will fully transfer governance of the protocol into the hands of ADA token holders. This will include a voting system for proposals regarding protocol changes and treasury spending.
Cardano governance ensures its long-term sustainability and adaptability, making it a truly decentralized and self-governing system.