Cardano Foundation Reveals ICC Ranking Candidates Amid Chang Hard Fork Transition
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jun 28 2024- Cardano Foundation Governance: Cardano Foundation ranks candidates for the Interim Constitutional Committee based on strict adherence to governance principles.
- Transition to Decentralized Governance: The ICC will guide Cardano’s transition to decentralized governance, focusing on transparency and community engagement.
- ADA Price Impact: Cardano's ADA price dropped 1.78% following the announcement of the new governance structure.
- New Governance Role: Cardano Foundation introduces a new governance role as part of the move towards decentralized governance post-Chang hard fork to enhance inclusivity and diversity in the ecosystem.
- Governance Model Details: The governance model includes DReps, SPOs, and a constitutional committee to ensure checks and balances during the bootstrapping phase 3.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
