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Charles Hoskinson Unveils New Updates for Cardano

2 mins
Updated by Geraint Price
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In Brief

  • Cardano co-founder Charles Hoskinson announced a new Cardano Ballot system that will be used to vote on Improvement Proposal 1694.
  • The vote will gather feedback from the community on how Cardano is progressing towards its goal of being a self-sustaining system.
  • According to Hoskinson, the end goal is to make Cardano a completely decentralized system that will not need to be IOG-controlled.
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Ethereum and Cardano co-founder Charles Hoskinson announced a new voting tool, called the Cardano Ballot (Ballot), that will be used to decide the Cardano Improvement Proposal CIP-1694. Hoskinson said the voting process will involve a snapshot on Nov. 21, and a voting period between Dec. 11 and Dec. 16.

The polling event will solicit feedback from the Cardano community on the progress toward Cardano’s goal of becoming a self-sustaining system. The Cardano Foundation, Intersect, and Input Output Global developed the Ballot technology.

Cardano Ballot Last Step to Autonomy

To participate in the poll, users will have to stake Cardano (ADA) by Monday, Nov 20. Staking users and other non-hardware wallets will be able to send comments via a feedback form, while those with hardware wallets can vote at a later date.

Read more: How To Stake Cardano (ADA)

The poll results will be published by Dec. 16. The feedback from the poll will be used to inform development and governance priorities in 2024. 

Hoskinson said he wants the Ballot to form a template upon which to build an entire system to check community sentiment around big decisions, including hard forks, the Cardano Treasury, and parameter changes to testnets. It is part of the community’s overall governance roadmap to allow easy “wallet voting,” he said. The end goal is to make Cardano a self-sustaining system independent of the control of Input Output Global.

Cardano Decentralization Roadmap
Cardano Decentralization Roadmap | Source: Cardano

Cardano’s new user adoption rate rose to a monthly peak of 32.3% on Nov. 9, and stayed above 30% for five consecutive days. The token’s price is currently $0.356.

Cardano Community Vibrant

Hoskinson said in a live broadcast on Thursday that the Cardano Foundation had worked hard in developing the Ballot system. But in general, the Cardano developer community is the most active, according to data from Santiment.

Cardano Ballot and CIP 1694. Source: YouTube

Earlier this week, the Cardano Foundation announced a new project called Ledger Sync to more easily provision blockchain data for developers. The Foundation is coding the program in Java to help developers access data from Cardano transaction blocks more efficiently.

Read more: Top 11 Programming Languages Used in Blockchain Development

Do you have something to say about Cardano Ballot or anything else? Please write to us or join the discussion on our Telegram channel. You can also catch us on TikTokFacebook, or X (Twitter).

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David Thomas
David Thomas graduated from the University of Kwa-Zulu Natal in Durban, South Africa, with an Honors degree in electronic engineering. He worked as an engineer for eight years, developing software for industrial processes at South African automation specialist Autotronix (Pty) Ltd., mining control systems for AngloGold Ashanti, and consumer products at Inhep Digital Security, a domestic security company wholly owned by Swedish conglomerate Assa Abloy. He has experience writing software in C,...
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