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This website is currently in functional prototype phase. It is part of the proposal Cardano Second Brain: Smart Collective Content in the category Cardano Open: Ecosystem of Catalyst Fund 13. Please consider supporting our proposal if you find it valuable @ Cardano Second Brain Proposal
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Overview
The Voltaire era represents the final stage in Cardano's roadmap, focusing on establishing a self-sustaining governance system. This phase aims to transform Cardano into a truly decentralized and autonomous network by introducing voting mechanisms and a treasury system. Voltaire empowers the Cardano community to actively participate in decision-making processes, funding allocations, and the overall evolution of the network. This era marks Cardano's transition from a development phase led by IOHK to a community-driven blockchain ecosystem.
Key Concepts
Info
- Decentralized Governance: A system allowing network participants to make decisions about Cardano’s future development.
- Voting Rights: Stakeholders can use their stake to vote on improvement proposals and network changes.
- Treasury System: A self-sustaining fund for ongoing development, maintained by a portion of transaction fees.
- Cardano Improvement Proposals (CIPs): Community-submitted suggestions for enhancing the Cardano network.
- Stakeholder Participation: Active involvement of ADA holders in the network’s governance.
- Self-Sustainability: The network’s ability to maintain and improve itself without centralized control.
- Proposed Governance Actions
Technical Details
Info
- Voting Mechanism: Leverages the existing staking and delegation process for governance decisions.
- Treasury Funding: Automatically allocates a fraction of transaction fees to the development fund.
- Proposal System: A formal process for submitting, reviewing, and voting on Cardano improvement proposals.
- Stake-Based Voting: Voting power is proportional to the amount of ADA staked by participants.
- Decentralized Fund Allocation: Community-driven decision-making on how to use treasury funds for development activities.
- Transition from IOHK Management: Gradual shift of network control from the founding organization to the community.
Resources
- Cardano Voltaire Era Overview
- IOHK Blog - Governance in Cardano
- Project Catalyst - Cardano’s Innovation Platform
- Cardano Improvement Proposals (CIPs) Repository
Notes
The Voltaire era is crucial for realizing Cardano’s vision of a fully decentralized and community-driven blockchain. By implementing on-chain governance and a self-sustaining treasury, Cardano aims to solve challenges faced by other blockchains regarding long-term sustainability and community-led development. This approach not only ensures the network’s ongoing evolution but also aligns with the core principles of decentralization and community empowerment. The success of the Voltaire era could set a new standard for blockchain governance models.