Breaking
December 17, 2024

Cardano Foundation clarifies role and priorities amid ongoing ecosystem governance disputes Oluwapelumi Adejumo | usagoldmines.com

The Cardano Foundation has addressed the mounting concerns and criticism over its role within the blockchain network’s ecosystem.

Over the past weeks, the Foundation has faced increased criticism for alleged internal conflicts and claims of sidelining key contributors, including Cardano’s founder, Charles Hoskinson.

Concerns also emerged regarding its role in Catalyst Fund 13, where it participated as a Delegated Representative (DRep) with 180 million ADA tokens.

However, the Foundation clarified its stance by publishing an official blog post and a detailed FAQ on the Cardano forum on Dec. 16.

Cardano Foundation and Project Catalyst

The Foundation reaffirmed its active participation in Project Catalyst since 2021, emphasizing its commitment to advancing decentralization, governance, and sustainability across the network.

For Funds 12 and 13, the Foundation explained that its voting decisions focused on supporting projects that align with these priorities. It stated:

“With our vote, we wanted to double down on the topics of long-term sustainability, decentralization and governance for Cardano. These principles are exemplified by the projects we chose to support.”

Highlighting voter participation challenges, the Foundation pointed to the low engagement levels in Catalyst. Out of 35 billion ADA in circulation, only 4.8 billion ADA were registered to vote, with many participants not actively voting on all proposals. The Foundation’s 180 million ADA stake represents about 3.75% of registered voting power but only 0.5% of the total circulating supply.

The Foundation committed to improving transparency for future rounds, promising more precise criteria for its voting process and ADA allocations. It encouraged other large stakeholders to adopt similar practices to ensure balanced decision-making.

Additionally, the Foundation plans to publish a technical blog explaining its voting process using community tools.

Addressing the relationship with Hoskinson and Cardano Constitution

The Foundation also responded to concerns regarding its alignment with Input Output Global (IOG) and its stance on the Cardano Constitution.

While acknowledging IOG’s contributions under Hoskinson’s leadership, the Foundation emphasized its unwavering support for the Constitution and broader ecosystem goals. It wrote:

“[IOG and Hoskinson’s] work and vision for Cardano is the very reason many of us are in this space. We are sometimes frustrated by their actions and choices. But given the complexity of making Cardano a long-term success, it is to be expected that we will disagree on how this could be accomplished.”

This response comes as Hoskinson recently questioned the Foundation’s alignment with Cardano’s vision. The blockchain network founder had also raised concerns about the Foundation’s activities, including approval of the network’s budget.

However, the Foundation clarified that any budget endorsement would be contingent on its alignment with Cardano’s long-term objectives and specific content.

The post Cardano Foundation clarifies role and priorities amid ongoing ecosystem governance disputes appeared first on CryptoSlate.

 

This articles is written by : Nermeen Nabil Khear Abdelmalak

All rights reserved to : USAGOLDMIES . www.usagoldmines.com

You can Enjoy surfing our website categories and read more content in many fields you may like .

Why USAGoldMines ?

USAGoldMines is a comprehensive website offering the latest in financial, crypto, and technical news. With specialized sections for each category, it provides readers with up-to-date market insights, investment trends, and technological advancements, making it a valuable resource for investors and enthusiasts in the fast-paced financial world.

Recent:

Tech YouTuber unlocks native PS3 emulation on PS5 hardware Collins J. Okoth | usagoldmines.com
Lido commences closing down Polygon PoS chain staking service Florence Muchai | usagoldmines.com
Cardano Foundation clarifies position on ecosystem’s governance controversies Cryptopolitan News | u...
Former Finance Minister Slams Germany’s Missed Bitcoin Opportunity Veronika Rinecker | usagoldmines....
800 Million XRP Moves Off Exchange: Bull Run Ahead? Desmond Hodin | usagoldmines.com
Bitcoin To Hit $180,000 If These Cycle Top Indicators Are Absent, Says VanEck’s Sigel Jake Simmons |...
Tether invests in European stablecoin issuer as USDT remains non-compliant with MiCA Liam 'Akiba' Wr...
ZachXBT explores $5.36M wallet-draining attack  Hristina Vasileva | usagoldmines.com
What is ISO 20022 compliance for crypto coins? – Is it a ‘must have’ for crypto adoption? Florence M...
The Hashgraph Group launches $100 million Web3 fund in the UAE Lara Abdul Malak | usagoldmines.com
Gaming tokens in trouble as the SEC serves CyberKongz with a Wells Notice Florence Muchai | usagoldm...
Crypto.com CEO Kris Marszalek meets U.S. President-elect Donald Trump at his office Collins J. Okoth...
Hong Kong commits to global crypto tax reporting, first exchange set for 2028 Jai Hamid | usagoldmin...
Google releases AI tool that creates images from other images Jai Hamid | usagoldmines.com
Analysts Eye $160K Bitcoin as Global Monetary Policies Ease: Could a ‘Santa Rally’ be the Trigger? H...
Top 104 Ethereum Whales Now Control 57% of All ETH, New High in Whale Dominance Ruholamin Haqshanas ...
This Little-Known DOJ Rule Often Leaves Crypto Fraud Victims Empty-Handed: Bloomberg Law Ruholamin H...
Hong Kong Pledges Crypto Asset Reporting Framework by 2026 to Combat Tax Evasion Hassan Shittu | usa...
Traditional Gaming Pros Overtake Blockchain Experts in Web3 Game Companies: BGA Report 2024 Ruholami...
Graphite Network Launches L1 Blockchain with Entry Node Rewards Cryptonews | usagoldmines.com
Solana Price Prediction: SOL Expected To Hit $500, Ripple and Lunex Network See Bullish Indicators C...
Bitcoin starts week with $600 million ETF inflow amid $107k all-time high Liam 'Akiba' Wright | usag...
Hong Kong’s path to crypto-friendly leadership expands with tax framework adoption Oluwapelumi Adeju...
Ted Cruz pushes for fast-track ban on AI-generated revenge porn in Texas Jai Hamid | usagoldmines.co...
Ethereum Reaches $4,100 For The First Time In Over Three Years, Aiming For $5,000 Next Ronaldo Marqu...
Dogecoin Rally Ahead? 85% Growth Expected by 2025 —Analyst Christian Encila | usagoldmines.com
US government recovers $3.5 million in Bitcoin to reimburse cyber fraud victims Oluwapelumi Adejumo ...
Bitcoin ETFs top gold in total assets within a year of launch Oluwapelumi Adejumo | usagoldmines.com
BONKbot Now Lets You Fund Wallets with MoonPay Victor | usagoldmines.com
AI Agent Sends Crypto to Taylor Swift via X Victor | usagoldmines.com
Top Crypto Partnerships – December Week 3 Tari | usagoldmines.com
ENS Partnered with Ubisoft to Create Unique Gaming IDs Victor | usagoldmines.com
Ledger User Loses 10 BTC in Phishing Attack Tari | usagoldmines.com
Binance Launched Airdrops for Simon’s Cat & Pudgy Penguins Victor | usagoldmines.com
Trump Confirms Plans for Strategic Bitcoin Reserve Victor | usagoldmines.com
Ethena Launches Stablecoin Backed by BUIDL Token Victor | usagoldmines.com
Exodus Movement to List Its Stock on NYSE Victor | usagoldmines.com
FTX Payouts Begin January 3rd, 2025 Victor | usagoldmines.com
Former Google CEO Schmidt urges ‘unplugging’ AI systems at certain capabilities Florence Muchai | us...
How AI is redefining US-China trade war Jai Hamid | usagoldmines.com
Argentina is officially out of recession – Here’s all Milei did Florence Muchai | usagoldmines.com
PNUT Memecoin Faces Legal Challenge from Peanut the Squirrel’s Owner Oliver Dale | usagoldmines.com
Bitcoin Top Here? What Historical HODLer Selloff Pattern Says Keshav Verma | usagoldmines.com
LastPass-linked crypto theft climbs to over $250 million after latest $5.4 million hit Oluwapelumi A...
OpenAI whistleblower’s body discovered in apparent suicide in San Francisco apartment Owotunse Adeba...
Southeast Asia countries are in stiff competition to be the region’s top AI hub Enacy Mapakame | usa...
‘I came here for nothing!’ Black Myth: Wukong CEO reflects on Game Awards results Noor Bazmi | usago...
Meta asks California’s Attorney General to block OpenAI’s for-profit conversion Owotunse Adebayo | u...
Beijing’s AI industry will surpass $412B in 2024, whitepaper reveals Owotunse Adebayo | usagoldmines...
Marc Andreessen exposes Biden admin’s plan to control AI Sneha Murali | usagoldmines.com
China reveals plans to clean up AI content distorting classic literature and ideologies Enacy Mapaka...
Former Friends star Lisa Kudrow criticizes Tom Hanks’ movie “Here” as an endorsement for AI Enacy Ma...
Trump’s Silicon Valley advisers wage war against AI censorship Collins J. Okoth | usagoldmines.com
ISO 20022 Compliant Crypto Coins in 2024 Brian Koome | usagoldmines.com
Charles Hoskinson says Cardano is ready to “take over the world” Jai Hamid | usagoldmines.com
SoftBank pledges $100 billion to advance AI and U.S. infrastructure Brenda Kanana | usagoldmines.com
FTX names BitGo and Kraken as distribution partners for bankruptcy payouts Cryptopolitan News | usag...
Messari report calls 2024 “climbing a wall of worry” Collins J. Okoth | usagoldmines.com
Riot Platforms completes convertible bond offering, raising $594M to buy 667 BTC Collins J. Okoth | ...
Meta makes three major updates to its Ray-Ban glasses, including live AI Enacy Mapakame | usagoldmin...
SEC issues Wells Notice to Unicoin as Gary Gensler’s tenure nears end Collins J. Okoth | usagoldmine...
Bitcoin and Ethereum continue strong inflows for the 10th consecutive week Collins J. Okoth | usagol...
Grayscale Horizen Trust is now available to eligible investors  Nellius Irene | usagoldmines.com
Bitcoin-to-Gold ratio hits historic peak as BTC breaks through $107k Collins J. Okoth | usagoldmines...
Wall Street sees US dollar’s rally staying strong next year Jai Hamid | usagoldmines.com
Russian Banks Still Unsure About Digital Ruble as Central Bank Sets Rollout Date Tim Alper | usagold...
Billionaire Michael Saylor Hints at Massive Bitcoin Buy – Could This Send BTC to $120,000?  Arslan B...
CyberKongz NFT Collection Hit with SEC Wells Notice Shalini Nagarajan | usagoldmines.com
Singapore Dominates Crypto Tech Rankings, Outshines US: ApeX Study Sujha Sundararajan | usagoldmines...
UK FCA Issues Public Notice Against Solana Meme Coin Retardio Sujha Sundararajan | usagoldmines.com
Anchorage Digital Subsidiary Scores BitLicense from New York Regulators Shalini Nagarajan | usagoldm...
Nigeria Arrests 792 Suspects for Running Massive Crypto Romance Scam Operation in Raid Ruholamin Haq...
Bitfinex Predicts Bitcoin Will Skyrocket to $200K by Mid-2025 Shalini Nagarajan | usagoldmines.com
Lido Staking Protocol to Cease Operations on Polygon, Shifts Focus Back to Ethereum Ruholamin Haqsha...
LastPass Hackers Drain $5.36M From Over 40 Addresses: ZachXBT Sujha Sundararajan | usagoldmines.com
Mt. Gox Transfers $172M Bitcoin as Market Hits ATH Tanzeel Akhtar | usagoldmines.com
ETH ETFs Gain Momentum, BlackRock Sees Inflows of $30.7M Tanzeel Akhtar | usagoldmines.com
HYPE Frenzy: New Altcoin’s 200% Surge Vaults Past NEAR’s Market Cap Ronaldo Marquez | usagoldmines.c...
Dogecoin creator reveals his top five favourite cryptocurrencies, with XRP missing from the list Bre...
TikTok Memecoin CHILLGUY Plummets 45% After Creator’s Account Hacked Nicholas Say | usagoldmines.com
$BONK Price Analysis: Key Levels to Watch After Recent Accumulation Oliver Dale | usagoldmines.com
Ethereum Price On Course To Clinch $5,000 Due To These Two Extremely Bullish Catalysts Brenda Ngari ...
Ripple’s XRP Price Struggles Under $2.5 As Almost 3 Billion XRP Flood Binance Newton Gitonga | usago...
We’re Going To Do Something Great With Crypto” Donald Trump Reaffirms Bitcoin Stance Aliyu Pokima | ...
On-Chain Data Shows Bitcoin Whale Buys 2000 BTC; Is A Gigantic Price Surge Incoming? Aliyu Pokima | ...
Bitcoin Traders Warns Holders To Sell If Supply Loss Falls To This Level Aliyu Pokima | usagoldmines...
Japanese Lawmaker Makes Push For Strategic Bitcoin Reserve Aliyu Pokima | usagoldmines.com
Tron’s USDT Volumes Tap New All-Time High Above $587 Billion Aliyu Pokima | usagoldmines.com
Binance Founder Projects High-Scale Bitcoin Government Adoption in Ten Years Aliyu Pokima | usagoldm...
On-Chain Analysts Water Down Ether Bulls $5,000 Price Expectations This Year Aliyu Pokima | usagoldm...
Top Analyst Says XRP Bull Rally Has Barely Started — Why He Envisions 2017-Style Price Boom Coming B...
‘See You On The Moon’ — Michael Saylor Says As Bitcoin Sets New Record High Above $106,000 Brenda Ng...
World-Renowned Bitcoin Bull MicroStrategy Expands Its Enormous Stockpile To 439,000 BTC After Securi...
Ripple CTO Explains Why RLUSD Can Hit Whopping $1,200 At Launch, Warns Investors Not To “FOMO” Brend...
Dogecoin Creator Reveals His Top 5 Crypto Picks and There’s No Room For Ripple’s XRP Arnold Kirimi |...
Bitcoin and Ether Lead Top Crypto Gainers; Can BTC and ETH Inspire XRP, Solana, Cardano, Shiba Inu? ...
Bitcoin Crushes Gold Ceiling: 1 BTC Equals 39 Ounces—More to Come? Arnold Kirimi | usagoldmines.com
Next Big Crypto? Dogizen Prepares for Liftoff Amid A-Grade Partnerships Cryptopolitan Media | usagol...
FOMO is Real: Vantard ICO Investors Already Up 65.76% Cryptopolitan Media | usagoldmines.com
PNUT Memecoin Drops 10% Following Peanut’s Owner Legal Warning To Binance Rubmar Garcia | usagoldmin...

Leave a Reply