- Cardano’s Project Catalyst will allow the community to propose and vote on certain community projects and proposals
- The Voltaire phase will introduce more governance features
- Cardano will also attend to scalability and smart contract improvements
Share this article
IOHK is beginning to implement a governance system on Cardano, which will allow the community to vote on matters related to the blockchain’s development and funding.
Project Catalyst Begins
Cardano announced the first stage of Project Catalyst, the first part of its governance system, on Twitter this week:
Today, we’re kicking off ‘Fund 1’, the first exploratory stage in our Project Catalyst governance program for #Cardano. Project Catalyst is an exciting experiment in decentralized governance @Cardano #Voltaire 1/
— Input Output (@InputOutputHK) August 12, 2020
This initial stage will allow about 50 community members to vote on proposals concerning business developments and dApp construction. In other words, it serves as an “incubation space” for various projects. This stage will take place over the next six months.
“We’ll be exploring the big picture themes of decentralized democracy, voting, and governance and how these can be made real,” IOHK explains in a separate tweet.
Fund 2, which will begin this summer, will allow participants to vote on the proposals introduced in the first stage.
Voltaire and Governance
Cardano’s Voltaire stage will work toward introducing other governance features in a broader sense.
IOHK’s website explains that the Voltaire era will allow the Cardano community to present improvement protocols to the blockchain, while also allowing ADA stakeholders to vote on the matter. The system will make use of Cardano’s staking and delegation system, meaning that coinholders will be able to vote on ideas.
Likewise, Cardano’s treasury system will allocate some transaction fees to a pool, which will be used to fund development activities….