Cardano Improvement Proposal to go under vote, more inside

Explore the Latest Cardano Update

Are you interested in the latest updates regarding Cardano’s blockchain activities? Input Output, the leading engineering division of Cardano, has recently given a detailed report on the project’s progress. Let’s dive into the key highlights from the update.

New Releases from Each Department

Cardano recently launched the Mithril mainnet, which serves as a scaling solution for the project. Additionally, the team also introduced Lace, a Cardano wallet designed to facilitate interactions with different blockchains. Lace’s latest release, version 1.7, now offers a multitasking feature, enhancing user experience.

The Mithril team has made significant progress in decentralizing the network, implementing new peer-to-peer networking proof-of-concept features.

Cardano’s Focus on Governance

The Voltaire team, responsible for the project’s decentralized governance, has announced a voting session for the CIP- 1694 proposal. This proposal aims to establish a constitutional committee for the project, allowing ADA holders to participate in decision-making processes and prevent token spamming on the network.

Charles Hoskinson, the founder of Cardano, emphasized the benefits the proposal could bring to the ecosystem, such as improved community feedback collection and faster polling mechanisms.

Upcoming Voting Session

The voting on the proposal is scheduled to take place between December 1st and 11th, requiring eligible voters to have delegated their ADA to a stake pool by November 20th.

Keep Up with Cardano

Stay up-to-date with the latest developments in Cardano’s blockchain activities and governance by following their official channels. Exciting times are ahead for the Cardano community!

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