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Home Blockchain

Cardano ratifies blockchain constitution, embracing full decentralization

by wireopedia memeber
February 20, 2025
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
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Cardano ratifies blockchain constitution, embracing full decentralization
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Cardano Foundation revealed that the network’s community has officially ratified the blockchain’s constitution, setting the stage for its implementation on Feb. 23.

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In a Feb. 19 post on X, the Cardano Foundation said:

“The Cardano Constitution has been ratified. This milestone sets the foundation for on-chain governance, ensuring clear rules, transparency, and accountability in decision-making.”

According to the Foundation, the approval follows extensive discussions, workshops, and stakeholder contributions.

The governance framework outlined in the constitution ensures that ADA holders have a direct role in shaping Cardano’s evolution. The document formalizes a decentralized decision-making process and enjoys broad support from Delegated Representatives (DReps) and the Interim Constitutional Committee (ICC).

A new era of governance

Cardano founder Charles Hoskinson celebrated the development in a Feb. 18 livestream, emphasizing that the network is now fully decentralized with no single control point.

He said:

“We’re fully decentralized. There’s no centralized point of failure in Cardano like Bitcoin.”

Hoskinson compared this achievement to constitutional amendments at the national level, suggesting that similar changes in traditional governments are often challenging. However, he noted that Cardano successfully implemented this transformation globally.

According to him:

“[When] was the last time we changed the US Constitution—I believe it was the early 90s—to give you a sense of it? I don’t think in this political environment we’d ever be able to get another Constitutional Amendment through at the federal level. But we did it here, and we did it across the world with people all around who came to know each other through the process. And that’s, uh, it’s a pretty special day. It’s a pretty special thing.”

Hoskinson also noted that the drafting process lasted over two years and involved feedback from more than 1,800 contributors in 50 countries. The effort aimed to create a governance structure that reflected the values of its global community.

The Cardano founder also confirmed that the interim constitutional committee will face reelection later this year as its members’ terms expire.

The post Cardano ratifies blockchain constitution, embracing full decentralization appeared first on CryptoSlate.

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