The Cardano (ADA) network, which aspires to become one of the most community-oriented blockchain protocols, has revealed plans to usher in its long-awaited Voltaire Age in three main phases.
Voltaire, the vice president of Input Output Global, said that the three processes comprise the MBO, the Constitution, and democratic permission, as outlined by Nigel Helmsley.
MBO (Member-Based Organization) will act as the aggregation point for the protocol’s community members in the initial stage. According to Nigel, it is the administrator of all governance procedures that will allow Cardano’s roadmap-driven development to continue.
With the complete adoption of the Constitution, which is a set of regulations that all community members must comply with, the Voltaire Age will likewise be inaugurated. Although Cardano seeks to move into a community-run protocol, there is a need for a unified set of rules for all players.
The third stage is Democratic Consent, the technological implementation phase, which will allow broader governance and significant community engagement through blockchain technology.
The Cardano protocol is continually developing, and the Voltaire Period is the sixth significant age the blockchain has seen since its birth. Formerly mentioned by U.Today, the preceding periods include the Byron Era, the Shelley Era, the Goguen Era, the Basho Era, and lastly the Voltaire Era.
It is unknown if other eras will be introduced soon; however, the core developers at IOG have said that they are collaborating with the Cardano Foundation, Emurgo, and other important ecosystem players to accelerate the release of this long-awaited era.
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