Cardano’s Upcoming Temp Check for CIP-1694
Cardano is on the brink of a significant stride toward full decentralization with the imminent community temperature check on CIP-1694.
Cardano is on the brink of a significant stride toward full decentralization with the imminent community temperature check on CIP-1694. This pivotal checkpoint will determine the community’s readiness to embrace and deploy the Minimum Viable on-chain Governance outlined in CIP-1694. If the temperature check passes, the torch of responsibility will be passed to Cardano’s Stake Pool Operators (SPOs) for the final nod, propelling Cardano into a rapid transition towards complete decentralization in the coming weeks and months.
Introducing the Cardano Ballot Event on CIP-1694
The Cardano Ballot Event for CIP-1694 is a pivotal moment in Cardano’s history. CIP-1694 stands out as the most active Cardano Improvement Proposal to date, with over 400 Github comments, 50 global workshops across 23 countries, and engagement from over 1,000 community members. This section focuses on the significance of CIP-1694, with the next critical step being a temperature check conducted through the Cardano Ballot.
In the temperature check, supported wallets include Flint, Eternl, Nami, Typhon, Yoroi, NuFi, GeroWallet, and Lace. It’s crucial to note that only hot wallets are supported, and the use of hardware wallets such as Ledger or Trezor for voting is not permissible. The Cardano community is strongly encouraged to actively participate in this historic event, aiming to determine whether Cardano should proceed with CIP-1694 in its current form, a decision that would confer full decentralized governance upon the platform. To access the ballot, visit 1694ballot.cardano.org.
The Cardano Ballot on CIP-1694 marks a milestone in the Voltaire era, highlighting a principles-first approach to governance. This era, achieved after six years of meticulous development and feature cultivation, prioritizes community guidance and inclusive accountability for all participants in the Cardano ecosystem. From December 1, 2023, 21:44 UTC, to December 11, 2023, 21:44 UTC, the community has the opportunity to actively shape the future by participating in the Cardano Ballot, influencing the deployment of on-chain governance as outlined in CIP-1694.
Cardano Ballot: Upcoming Key Dates
Below are the key dates for the upcoming community temperature check on CIP-1694. Today is the last day to stake your ADA before the Ballot power snapshot on November 21st.
- 20th Nov: Last day to stake ada
- 21st Nov: Ballot power snapshot
- 1st Dec: Ballot period opens
- 11th Dec: Ballot period closes
- 16th Dec: Temperature check results
Starting from December 1, ADA holders can actively participate in the ballot, providing their input on whether to continue developing and deploying the minimum viable on-chain governance as per CIP-1694. The question posed to the community is reflective of Cardano’s commitment to inclusivity and decentralized decision-making:
“Based on the current progress, should we as a Cardano community continue to develop and deploy minimum viable on-chain governance as described in CIP-1694, subject to the final approval of the SPOs?”
Minimal Viable Governance: Empowering Cardano’s Decentralized Future
Minimal Viable Governance, in a broader context, refers to the streamlined and essential mechanisms required for decision-making within an organization or system. It emphasizes efficiency and simplicity in governance structures, focusing on the fundamental processes necessary for effective functioning. This approach aims to avoid unnecessary bureaucracy, enabling swift responses to challenges while maintaining transparency and accountability.
One key advantage of Minimal Viable Governance is its inherent adaptability over time. Starting with a minimalistic framework provides a solid foundation, and as the Cardano ecosystem evolves, governance structures can organically expand to address emerging needs. In the context of Cardano and the blockchain space, embracing Minimal Viable Governance holds significant advantages. By minimizing complexity, Cardano can achieve greater adaptability and responsiveness to the evolving landscape of decentralized technologies. Simplified governance processes reduce the risk of gridlock and enable quicker updates and improvements to the Cardano protocol. This agility is crucial for staying competitive and meeting the dynamic demands of the blockchain industry.
Conclusion
Cardano is on the cusp of a momentous shift towards full decentralization, marked by the imminent community temperature check on CIP-1694. The success of this pivotal checkpoint will propel Cardano into a rapid transition, with the Cardano Ballot Event for CIP-1694 serving as a critical milestone from December 1 to December 11. Encouraging active community participation, this event aligns with Cardano’s principles of inclusivity and decentralized decision-making. Embracing the principles of Minimal Viable Governance further positions Cardano for adaptability and efficiency in navigating the evolving blockchain landscape. The coming weeks hold the promise of shaping Cardano’s decentralized future through community engagement and streamlined governance.
You can vote in the upcoming temp check by visiting the following link: https://1694ballot.cardano.org/
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
