Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Us election is tomorrow, very exciting day for all. Btw today i am not gonna talk about whole crypto market, I'll be sharing my views on cardano. So let's dig dip. Cardano is set to implement the second phase of the Chang hard fork, enhancing decentralized governance. Key updates include:
Delegate Representative Voting (D Voting):- This new system allows community members to vote on proposals, representing the voices of ADA holders. To participate, a one-time deposit of 500 ADA is required for a D certificate.
Stake Pool Operator Voting (SPO Voting):- Stake pool operators can use their delegated ADA as voting power to influence governance decisions, similar to D Voting.
Governing Actions:- Community members can submit proposals by locking in ADA, which they can reclaim after voting. Successful proposals will draw funding from Cardano's treasury, allowing community-driven projects to take shape.
