Cardano moves to full decentralized governance with Plomin hard fork
Cardano makes a major step towards decentralized governance with the activation of the hard Plomin fork.
This upgrade gives Cardano (ADA) Holders direct voting power On blockchain key decisions, including protocol changes, treasure management and governance proposals.
THE Plomin Hard Fork Mark a passage from a centralized decision -making to a system where the community has greater control.
Before this upgrade, governance decisions were mainly influenced by the Cardano Foundation and other main contributors. Now, ADA holders can vote on governance actions directly or through delegated representatives.
For a hard fork to be adopted, certain technical and governance requirements must be respected. In this case, three key thresholds have been adopted: at least 85% of apple pools went to a compatible cardano node, more than 51% of apple pool operators voted in favor of upgrade, and more 67% of the interim constitutional committee determined that the upgrade was constitutional.
Seven governance actions
The Plomin Hard Fork introduces seven governance actions described in the CARDANO CIP-1694 improvement proposal. These include ADA holders of proposing and voting on constitutional changes, approving the withdrawals of the Treasury and obtaining non-confidence votes against governance structures. In addition, the withdrawals of a staunch reward will now be limited to the accounts which delegate to a DREP, strengthening decentralized decision -making.
This governance model is aligned with Cardano’s long -term objective to minimize centralized surveillance. By allowing the community to control blockchain upgrades and the expenses of the treasure, Cardano aims to build a system where electricity is distributed rather than concentrated.
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