Recently, with 3 more people delegating to me, an additional voting power of about 400,000 ADA has been added. This brings the total to 5m ADA. Thank you so much! While this is a matter of course in Cardano, for 99% of blockchain networks, governance is effectively meaningless. It's just a formality. The reason is simple: all the power is concentrated in the foundation. The foundation executes the budget and selects validators to delegate to. In most ecosystems, people participate in governance merely as a formality to avoid falling out of favor with the foundation. Cardano, on the other hand, is truly unique. The ultimate power lies with the community, and DReps are delegated the community's authority to exercise it on their behalf. This is why Cardano is the most decentralized, but its future depends on the community. In this ecosystem, your voting power is no longer just a formality. It is a crucial right that will truly determine the future of Cardano. That's why I feel a...
1.29K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX TR is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX TR. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX TR is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.