How Voltaire will bring accountability to funding on Cardano

Publicado en by Cryptoslate | Publicado en

Mencionado en este artículo
In his latest YouTube video, Charles Hoskinson, the CEO of IOHK, explained the lengthy process behind ensuring accountability to funding on Cardano.

Voltaire, the blockchain's governance era, will eventually evolve Cardano into one of the best innovation management platforms on the market, with tens, if not hundreds of thousands of people participating in the blockchain's accountability process.

Voltaire, the upcoming installation of Cardano that's set to bring about governance to the blockchain, will introduce some of the most thought-out and complex management processes in the industry.

In a recent YouTube video, Charles Hoskinson, the CEO of IOHK, Cardano's parent company, dove deep into the matter of accountability that will come with Voltaire.

With every single ADA held in Cardano's treasury belonging to its community, the community will want to know how their millions are spent.

Part of the Voltaire experiment, Hoskinson said, is to create a network of people and entities that keep the people receiving funds accountable.

For a company whose mandate to run and operate the Cardano blockchain is set to expire, IOHK is certainly investing a huge amount of resources, both in time and money, into coming up with governance solutions for Voltaire.

Aside from providing the community with the experience they need, it will also strengthen the very foundation of the structure of accountability that keeps Cardano going.

If IOHK contract with Cardano gets renewed for another five years, the company said it will bring about a dedicated firm to study the management of accountability.

While the system will take years before it's stable enough to be called "Done," Hoskinson considers the things he described as being "Good enough" to get Cardano to the next stage of its evolution.

x