ADA Coins in the Voltaire Era
With the advent of the Shelley era, ADA holders gained the ability to delegate their coins to a pool of their choice. This put stakers in charge of block production within the Cardano network.
With the advent of the Shelley era, ADA holders gained the ability to delegate their coins to a pool of their choice. This put stakers in charge of block production within the Cardano network.
If a pool operator fails to meet expectations, stakers have the freedom to delegate to another competing pool at any moment. This concept of delegation and control extends to on-chain governance with the introduction of the Voltaire era. ADA holders can now delegate their coins to a chosen Delegated Representative (DRep).
These DReps act as representatives for ADA holders when voting on governance actions. Thanks to the implementation of Cardano Improvement Proposal 1694 (CIP-1694), Cardano’s decentralization extends beyond just block production to include governance as well.
This means that c Read article: ADA Coins in the Voltaire Era
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