Cardano News Today – Community Excited as First Decentralized Voting is Set to Takes Place Accompanied by Aggressive Marketing – September 6th 2020

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  • The Cardano Development Team has Announced that ADA Holders Will be Able to Exercise Decentralized Voting Rights as early as October
  • IOHK Talks About How They Will Flood the Market Aggressively With Promotions and Highlight the Edge they Have Over Competing Blockchains

Cardano News Today – The Cardano Shelley Hard Fork has come and gone successfully and the Cardano community has started enjoying the rewards of this update. Among other things, one of the most significant benefits of the Cardano Shelley update is that it paves the way for true decentralization. IOHK has made it clear that they intend to keep working on achieving complete decentralization and their goal will never change. This explains why Charles Hoskinson, in his new video, said that the voting system for Voltaire is now the first and most important factor on their list.

Cardano News Today – Get Ready to Start Voting on the Cardano Blockchain

The first set of votes for the Cardano blockchain will take place in October and subsequent ones will follow. The DC Fund which was launched to help make things better for the ecosystem. The arm will play a more decisive role in deciding how the funds are used in financing projects on the blockchain. Members who vote will be able to decide which improvements are to be made on the system and how they are to be made. The suggestions with the most consensus will be implemented on the blockchain. Hoskinson has told the community not to expect too much from the user interface since only a snapshot will be taken for now. With time, however, the process will be improved and the voting system will be integrated into the Daedalus wallet in November. All they will need to vote on proposals is a button. In Hoskinson’s words;

So October will have a vote, but it won’t be great user experience, it will be okay. You can vote on a cell phone app and then the next round which occurs after October, we will try to do this every 6 weeks, it will be significantly better, that will be probably past the HFC event and we will have the Daedalus support and the cell phone support read to go.

As Hoskinson further stated, progress for Goguen is happening as fast as possible, especially as the final phase of Cardano, Voltaire, is also being developed at full speed. The main focus is currently also on planning and developing applications (dApps) for the Cardano ecosystem, as Hoskinson explained:

“I’m having a lot of application meetings. […] I meet with a lot of different people, we talk a lot about ‘how to get to Cardano’, ‘what can we do’, how we build applications and my goal is to get a lot of really cool dapps ready to go soon or at least get teams committed to get ready soon. But I think the biggest problem on the roadmap is marketing. We gonna focus a lot the next two months on product marketing. So we gonna talk about each component of Cardano and answer questions like ‘what is it?’, ‘how does it work’, ‘why is it better’ and also do comparison marketing, so for example, why is Ouroboros better than EOS’ consensus algorithm, Parity’s consensus algorithm; this gonna piss off a lot of people, but you know, that’s good.”

Max writes about blockchain projects and regulation with a special focus on United States and China. He joined Smarterum after years of writing for various media outlets.


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