Due to the upcoming “Chang” hard fork, the Cardano (ADA) community is set to inherit ADA tokens worth approximately $68.1 billion. Cardano is known for having one of the largest cryptocurrency treasuries in the world, with these assets being self-governed by community members when combined with other digital assets. This initiative highlights the role of the TapTools tracker, which ensures that the Cardano protocol is fully managed by its holders.
This demonstrates that decentralized and community-based governance remains at the core of Cardano’s focus. After implementing this update for Chang, community members will be able to submit their project ideas for consideration and vote to support treasury funds based on TapTools data. Unlike other protocols that manage various cryptocurrencies in their treasuries, Cardano only holds ADA.
The blockchain primarily deploys its treasury to support its ecosystem, and Cardano follows this trend. This indicates the level of activity happening within Cardano, which is seen as a sign that active participants believe in developing the ecosystem.
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To guide its development direction, Cardano adopts a three-tier governance structure. The Cardano Foundation oversees the platform’s development and promotion, Input Output Global (IOG) is responsible for research and development, and EMURGO manages the commercial enterprise.
Cardano founder Charles Hoskinson recently informed the community about the implementation of “Voltaire,” marking the arrival of the era of community governance.
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