This upgrade allows token holders to elect governance representatives and vote on development proposals, marking a significant shift toward true decentralization.“Cardano is officially a top 10 crypto, completely powered by the people,” Gambardello enthused, highlighting the shift away from the foundational control by Cardano’s three founding entities—IOHK, the Cardano Foundation, and Emurgo—over network upgrades and hard forks.
A critical milestone that most have not achieved yet As true decentralization at scale is impossible without governance Others pretend to be decentralized but are still controlled at the center! — Justin Bons (@Justin_Bons) September 1, 2024 Gambardello further suggests that these foundational changes align well with broader financial movements and may signal robust growth for Cardano in the future.
Related Reading: Cardano’s Dark Hour: Panic Grips Investors As ADA Loses 22% Of Its Value Gambardello passionately conveyed the broader implications of such decentralization, arguing that it not only solidifies trust and resilience within the Cardano community but also sets a new standard for blockchain governance.
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