Cardano CTO on Transition to Full Decentralized Governance

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4.7 • 698 Ratings

🗓️ 29 January 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Cardano Foundation CTO Giorgio Zinetti joins CoinDesk with the latest update on the Plomin hard fork deployment, which has switched the blockchain to decentralized governance. Plus, insights into the voting system and Cardano's global influence. This content should not be construed or relied upon as investment advice. It is for entertainment and general information purposes. - From our sponsor: In Chinese, belief means trust. For 10 years, Consensus has united those who believe in building a new internet where everyone has value. Join us at Consensus Hong Kong February 18 - 20, 2025 where belief becomes real. Connect with global leaders, innovators, and investors shaping the future of Web3, and experience the power of collaboration at the industry's most influential event. Register now: https://go.coindesk.com/3BeigBq - This episode was hosted by Christine Lee and edited by Victor Chen. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	In Cardano's case, now we are delegating the decision-making to the community.
0:03.9	So Cardano participants will be able to decide the roadmap, the directions that the chain is going.
0:10.8	I see it a little bit as a nation-state that can vote, a bit like Switzerland with direct democracy,
0:17.0	to how to use the budget, what to build.
0:19.2	So it's a really, really exciting time.
0:26.5	We all want to believe in something.
0:29.0	In Chinese, belief also means trust.
0:32.1	We want to trust our systems and each other
0:34.4	so we can build a future beyond what we know.
0:39.8	Join us at Consensus Hong Kong where belief becomes real. Proof-of-stake blockchain Cardano was switched to decentralized governance
0:46.1	Wednesday after the Plumman Hard Fork takes effect. The Cardano Foundation and non-profit organization
0:51.8	backing the project posting on X, the Plumman Hard Fork takes effect
0:55.9	marking the transition to full decentralized governance. ADA holders gain real voting power
1:01.1	on parameter changes, treasury withdrawals, hard forks, and the blockchain's future, a milestone
1:07.5	in blockchain governance. Joining us now with more is Cardana Foundation CTO, Georgio Zanetti.
1:14.1	Welcome to the show, Georgio.
1:17.6	Christine, thanks for having me.
1:20.4	So this is a fascinating technological feat here.
1:24.2	Tell us more about how ADA holders will participate in the governance of the
1:29.4	Cardana blockchain with this update. Look, you see, this is historic and it's super exciting.
1:36.8	Anything can happen. And in chains like Bitcoin and Ethereum, the governance and the changes
1:43.0	made to the chain are mainly driven by leaders or
	...

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