Charles Hoskinson, the creator of Cardano, provided some guidance on how the community ought to decide in a few tweets. Some believe he is referring to the Voltaire era, during which the community will have greater control over how Cardano operates. In a video that Charles Hoskinson shared, someone claimed that they were getting closer to making decisions of this nature. This is a crucial aspect of the Voltaire period.
The Voltaire era is quickly approaching, according to Rick McCracken, who oversees the DIGI Cardano staking pool. Because he believes that most people will be pleased, he pleaded with the community to wait and be patient.
The Cardano development company, IOG, declared on March 1st, 2023, that they wanted to bring about the Voltaire era. They intend to accomplish this with the help of three crucial components: a committee of members who make decisions, a set of guidelines known as a Constitution, and community support.
There are three main factors, according to Nigel Hemsley, who oversees the Voltaire era, that will cause it to occur. Because it will enable the Cardano community to realize its full potential and become self-sufficient, the Voltaire era is crucial.
The first is something called the Member-Based Organization (MBO), which will function as a hub for the entire Cardano community. Cardano will benefit from the MBO’s decision-making support and continued development.
The second item is referred to as the Constitution, which functions as a set of guidelines that each member of the community must abide by in order to be a part of Cardano. The ecosystem’s behavior will be governed by the Constitution.
The final factor that will contribute to the Voltaire era is known as Democratic Consent. This is a way for more people to participate in Cardano decision-making using blockchain technology. The most important aspect of Democratic Consent is CIP 1694, which allows people to vote on and suggest changes for Cardano.
Cardano has recently become better and more popular as people prepare for the Voltaire era. ADA is currently worth $0.34, which is slightly less than it was previously. It increased to $0.38 on February 15th, following Cardano’s Valentine’s Day upgrade.
IOG recently asked developers to help improve Cardano. Since last year, Charles Hoskinson has been predicting the arrival of the Voltaire era.
Cardano will become more decentralized as it becomes more independent of IOG during the Voltaire era. This means that the community will have more say over what happens to the network. It’s significant because it means Cardano will be run by its users.
