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Charles Hoskinson Unveils Update in Cardano Governance Model

Published 10/12/2023, 06:22 PM
Updated 10/12/2023, 06:45 PM
Charles Hoskinson Unveils Update in Cardano Governance Model
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  • Recently, Charles Hoskinson announced key updates to decision-making on Cardano.
  • Hoskinson said the blockchain now runs a tricameral system between stakers, delegated members, and a constitutional committee.
  • He said the tricameral system makes the blockchain more robust, secure, and decentralized.

Days after he was called out for stagnating and slowing down development on the Cardano blockchain, Charles Hoskinson, Cardano founder, in a recent livestream, unveiled updates to the ecosystem that would supposedly chart it towards a more decentralized path.

According to Hoskinson, the decision-making process on the blockchain has evolved into a tricameral process. He mentioned that it includes the involvement of Cardano delegated representatives, SPOs, and a constitutional committee.

To further clarify their different but important roles, Hoskinson listed out issues that they would need to individually or jointly vote for. He continued that unlike delegated representatives and SPOs, members of the constitutional committee will be voted into the role periodically.

Furthermore, Hoskinson said with the tricameral system, voting on proposals such as budgets, com…

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