The Cardano ecosystem is one step closer to ratifying the Cardano Constitution, a codex of principles for the growth, scaling, and tech development of Cardano (ADA). The first draft of the Constitution has received approval from the Constitutional Convention 2024 and is now awaiting approval from Delegated Representatives (DReps) in January 2025. There are approximately 800 DReps in the Cardano ecosystem, and ADA holders have the opportunity to delegate their votes in favor of one of them. This milestone comes as Cardano sees significant growth in on-chain activity, with over 100 million successful transactions and a surge in total value locked in decentralized finance (DeFi) apps.
- Content Editor ( u.today )
- 2024-12-07
? Cardano Constitution Finally Accepted: What to Know