Charles Hoskinson, founder of the Cardano blockchain, delivered an extensive live stream update outlining a major push toward decentralized governance. Hoskinson discussed the status of Cardano’s ongoing constitutional ratification, introduced details of a forthcoming roadmap, and explained a proposed budget overhaul—all aimed at ensuring that Cardano evolves without a centralized executive branch.
Cardano Roadmap And Budget
During the live stream, Hoskinson highlighted that the “constitution process [is] currently underway,” revealing a breakdown of active stake participation: Approximately 50% have voted “yes,” around 4.3% have voted “no,” and about 44% of the active stake has yet to vote.
According to Hoskinson, the community’s consensus appears to favor a “minimum viable governance” approach. Should the constitution pass, it will remain open to revisions: “We’re going to try really hard for kind of the next version—Constitution V2—and that’s a combination of working groups, workshops, and it gets more inclusive over time.”
He noted that the current momentum suggests a likely ratification date around February, barring any sudden influx of “no” votes.
In tandem with the constitutional process, Hoskinson outlined how Cardano’s roadmap will be ratified via on-chain governance. He confirmed that Input Output Global (IOG) and Intersect—an entity designed to facilitate governance—have each proposed versions of the roadmap. Key items expected to spark discussion include features like Ouroboros Leios and the development of multi-client architecture.
He also disclosed that IOG held a meeting with stake pool operators (SPOs) to delve into the roadmap details, signaling a collaborative effort: “We just actually had a meeting today with…SPOs about the roadmap as well.”
Hoskinson anticipates that “probably about mid-February” the spotlight will shift from constitutional matters to detailed debates on the roadmap’s technical trajectory.
By far the most contentious issue, Hoskinson said, involves the budget—where “money goes to Bob but sometimes money doesn’t go to Alice.” Recognizing the potential for disagreements, he underscored th
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Author: Jake Simmons
