Cardano has reached a significant milestone in its journey toward decentralized governance.
In a video broadcast on Tuesday, founder Charles Hoskinson shared the exciting news that the Cardano Constitution has officially replaced the interim version. This feat followed a successful ratification vote.
With an impressive 85% approval, the Cardano community overwhelmingly endorsed the new Constitution. Only 6.62% opposed, and about 7.68% abstained from voting. This marks a resounding endorsement of the foundational document.
Given the weight of this achievement, Hoskinson took to a live video to congratulate the entire Cardano community:
“This is a special broadcast I’m very proud to make. Allow me to be one of the first to congratulate the entire Cardano ecosystem for reaching the ratification threshold for the Constitution.”
How Cardano Constitution Attained Unanimous Support
Hoskinson highlighted that the Constitution took over two years to craft. It results from countless workshops, debates, and contributions from over 1,800 participants across 50 countries.
“There were times of uncertainty, and many thought we couldn’t do it, but we proved them wrong,” he said.
Ultimately, the unanimous support from the Constitutional Committee members surpassed the required 67% threshold. According to Hoskinson, this achievement symbolizes the decentralized power of the Cardano ecosystem.
He went on to liken this success to the U.S. government, asking, “When was the last time the U.S. Constitution was amended?” adding, “I believe it was the early 90s.”
Hoskinson argued that passing a Constitutional Amendment at the federal level would be nearly impossible in today’s political environment. “But we did it here, across the world,” he proudly revealed.
The Future of Cardano Governance
With the ratification of its Constitution, Cardano’s decentralization is now under a governance framework that reflects the values of its global community.
The ecosystem includes over 800 decentralized stakeholders and more than 108,000 delegators actively participating in governance. Hoskinson emphasized that Cardano is now “unstoppable” and operates without a central point of failure.
Moving forward, Hoskinson revealed that Cardano will now focus on ratifying its product roadmap and budget. Additionally, the interim Constitutional Committee members will be replaced. They will hold elections later this year, as their terms expire in September.
“From now on, Cardano will be governed by elected officials, which means Cardano is now a government,” Hoskinson stated.
As Cardano continues to expand, Hoskinson stressed that the Constitution is not a static document. Instead, it will evolve to incorporate the community’s grievances, suggestions, and improvements. This ensures that Cardano will continue to grow in response to the needs of its users.
