Cardano Jumps Towards Next Stage Of Governance With Voltaire

Cardano jumps towards a new phase of governance with the Voltaire and the incubation space called Catalyst as we are reading more in the upcoming Cardano ADA news.

Cardano’s project Catalyst will allow the community to propose a vote on a certain community project and proposal. The new Voltaire phase will introduce new governance features. Cardano will attend the scalability and smart contract improvements as IOHK is starting to implement the governance system on Cardano which will allow the community to vote on the issues related to the blockchain’s development and funding.

Today, we're kicking off 'Fund 1', the first exploratory stage in our Project Catalyst governance program for #Cardano. Project Catalyst is an exciting experiment in decentralized governance @Cardano #Voltaire 1/

— Input Output (@InputOutputHK) August 12, 2020

Cardano announced the first stage of Catalyst which is the first part of the governance system on Twitter last week. The initial stage will allow about 50 community members to vote for the proposals concerning the business developments and dapp construction. In other words, it serves as the perfect incubation space for multiple projects and this stage will take place over the next few months, as IOHK explained:

 “We’ll be exploring the big picture themes of decentralized democracy, voting, and governance and how these can be made real.”

Fund 2 which will start this summer, will allow the participants to vote on the proposals that were introduced in the first stage. Cardano jumps towards Voltaire and will introducing other governance features in the broader sense as the IOHK website explained that the new era will allow the Cardano community to present the protocols on the blockchain while still allowing ADA stakeholders to vote on the matter.

The system will use the Cardano’s staking and delegation system which means that the coin holders will be able to vote on different ideas. Cardano’s treasury system will allocate some of the fees to the pool which will e used to fund the development activities and the users can vote on the decision via a mobile app. Cardano was focused on Shelley which was the development stage that offers staking rewards for investors but now as it went live, the project shifted the focus on different ideas.

Governance is another major part of Cardano’s roadmap while other stages include Goguen that will introduce dapps and smart contracts as well as Basho, which will improve the scalability of the blockchain. Overall Cardano aims to achieve decentralization and to improve the community engagement with these processes.