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Coin Edition 2025-01-29 16:37:00

Cardano Transitions to Full Decentralized Governance – ADA On the Rise?

Cardano Transitions to Full Decentralized Governance – ADA On the Rise?

Cardano’s Plomin hard fork gives $ADA holders real voting power on the blockchain’s future. Cardano embraces full decentralization, potentially attracting institutional investment. Post-upgrade, ADA holders must use Delegated Representatives (DReps) to get staking rewards. The Cardano Foundation has announced that the Cardano blockchain will transition to a fully decentralized governance model. This follows the successful implementation of the Plomin hard fork. In an X post , the company said that “$Ada holders gain real voting power – on parameter changes, treasury withdrawals, hard forks, and the blockchain’s future.” Giving users more control may foster greater user confidence and drive wider adoption. This means that this shift in governance could attract significant institutional investment. Even though it may be too early to tell, ADA’s price might go up by a considerable margin due to this turn of events. Currently, it sits at $0.93 . Some long-term predictions say that the price may double, while the more optimistic estimates see the token rising even more. Whether that turns out to be true is yet to be determined, but this transition def… The post Cardano Transitions to Full Decentralized Governance – ADA On the Rise? appeared first on Coin Edition .

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