Logo
Cardano Ecosystem

Watcher Guru

08/17/2023

·

347 views


Cardano Governance Testnet Website Release Signals Major Leap in Development

Cardano network saw substantial growth in its ecosystem during Q2 2023. One notable metric was a 49% quarter-over-quarter increase in transactions on decentralized applications (dApps) built on Cardano. This...

Cardano Governance Testnet Website Release Signals Major Leap in Development

Cardano network saw substantial growth in its ecosystem during Q2 2023. One notable metric was a 49% quarter-over-quarter increase in transactions on decentralized applications (dApps) built on Cardano.

This indicates the growing adoption of Cardano’s smart contract capabilities, which allow developers to build dApps on the network. Charles Hoskinson, founder of the Cardano blockchain, recently announced the launch of a website for SanchoNet, a testnet related to planned governance capabilities.

SanchoNet to deploy new governance features

SanchoNet represents the testing environment for Cardano Improvement Proposal (CIP) 1694, which outlines technical specifications for on-chain governance on the ADA network. The testnet is named in reference to Voltaire, the philosopher known for his ideas on governance and freedom of speech.

The SanchoNet testnet implements governance capabilities for Cardano based on CIP-1694 specifications. This allows for testing the technical components required to enable decentralized on-chain governance on the mainnet.

Also read: Voyager-Coinbase Token Shift Spurs Fear of Mass Sell-off

In addition, SanchoNet provides a development environment for governance features like voting, treasury management, and proposal submission. It serves as an informational resource and sandbox for the ADA community to explore imminent governance activities during the Voltaire era.

Furthermore, community testing and feedback at this stage are vital parts of Cardano’s systematic, research-driven approach to blockchain enhancement.

AD

Proposals Catalyst F14 - Cast your vote, search "Otavio" in the Voting App.

If you are you using your ADA to vote in Cardano’s Project Catalyst don’t forget to voice your vote. We would be excited if you can see, comment, share and vote for us. Tip: To find them its easiest to search for "Otavio"Vote for Us


Read Original Article on Watcher Guru

ORIGINAL SOURCE

https://watcher.guru/news/cardano-govern...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


More from Watcher Guru

See more
Best Cryptocurrency To Buy in 2025: Ripple (XRP) or Cardano (ADA)?
Watcher Guru
Best Cryptocurrency To Buy in 2025: Ripple (XRP) or Cardano (ADA)?

05/23/2025

·

244 views

Related News

See more
Banner-Tech-Summit-Rio

Voting for Us - Catalyst Fund 14

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)