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- Recently, Charles Hoskinson announced key updates to decision-making on Cardano.
- Hoskinson said the blockchain now runs a tricameral system between stakers, delegated members, and a constitutional committee.
- He said the tricameral system makes the blockchain more robust, secure, and decentralized.
Days after he was called out for stagnating and slowing down development on the Cardano blockchain, Charles Hoskinson, Cardano founder, in a recent livestream, unveiled updates to the ecosystem that would supposedly chart it towards a more decentralized path.
According to Hoskinson, the decision-making process on the blockchain has evolved into a tricameral process. He mentioned that it includes the involvement of Cardano delegated representatives, SPOs, and a constitutional committee.
To further clarify their different but important roles, Hoskinson listed out issues that they would need to individually or jointly vote for. He continued that unlike delegated representatives and SPOs, members of the constitutional committee will be voted into the role periodically.
Furthermore, Hoskinson said with the tricameral system, voting on proposals such as budgets, community updates, roadmaps, and referenda will be more democratized. Before the move, the blockchain had drawn criticism for the concentration of voting powers in its Genesis key holders.
While making the blockchain more transparent and decentralized, Hoskinson said the tricameral system is a better governance system than Bitcoin and Ethereum blockchains. He continued that while the decision-making system allows for hard forks, it reduces the chances of that ever happening.
Hoskinson said through the voting process distributed between “stakers”, delegated and elected members, the Cardano blockchain would be a more robust and secure ecosystem.
Despite these updates, many within the Cardano ecosystem still believe the blockchain is far from true decentralization. In addition, there are concerns that the blockchain might have stagnated in significant development and growth.
Recently, Hoskinson came out to counter claims that Cardano-based projects were being abandoned. According to Hoskinson, developments on these projects were on the way, and the blockchain is closer to realizing its goals.
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