CandleFocus Cardano Releases Updated Constitution, ADA Price Jumps 12%
2024-11-22
Author: Content Editor
The Cardano Foundation has released an updated proposal for the Cardano Constitution in order to improve the governance of the blockchain ecosystem. The proposal incorporates changes from workshops, social media discussions, and feedback from experts and the community. It aims to make the governance framework more accessible and clear to a less technical audience and to encourage broader participation. The proposal includes specifications for governance actions, budget and treasury details, and additions to various sections of the Constitution. Creator Charles Hoskinson expressed optimism for Cardano's future and believes the changes will create a strong foundation for the project. As a result, the ADA token saw a 12.38% increase within 24 hours and is currently trading at $0.885, with hopes of reaching the $1 price level.
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