Skip to content

Commit

Permalink
Update docs/about-cardano/05-evolution/04-upgrades/07-chang.mdx
Browse files Browse the repository at this point in the history
Co-authored-by: olgahryniuk <67585499+olgahryniuk@users.noreply.github.com>
  • Loading branch information
NeilBurgess42 and olgahryniuk authored Sep 25, 2024
1 parent 6b50123 commit 1b6e6be
Showing 1 changed file with 1 addition and 1 deletion.
2 changes: 1 addition & 1 deletion docs/about-cardano/05-evolution/04-upgrades/07-chang.mdx
Original file line number Diff line number Diff line change
Expand Up @@ -15,7 +15,7 @@ Learn more about Cardano governance and related terminology in [CIP-1694](https:

:::

Chang enabled on-chain participatory governance through the implementation of mechanisms outlined in CIP-1694. This upgrade will ensure transparency, inclusivity, and resilience of governance within the Cardano ecosystem. The Conway era is based on liquid democracy, which enables individual empowerment through democratic consent by leveraging a voting process with the option of direct and representative voting. Ada holders can vote individually on every governance matter, or delegate their voting power to [delegate representatives (DReps)](https://iohk.io/en/blog/posts/2022/04/11/introducing-the-concept-of-delegate-representatives-dreps/) they trust in decision making. DReps consolidate the voting influence of numerous ada holders, ensuring that each participant can contribute to the future of Cardano’s development.
Chang enabled on-chain participatory governance through the implementation of mechanisms outlined in CIP-1694. This upgrade ensures transparency, inclusivity, and resilience of governance within the Cardano ecosystem. The Conway era is based on liquid democracy, which enables individual empowerment through democratic consent by leveraging a voting process with the option of direct and representative voting. Ada holders can vote individually on every governance matter, or delegate their voting power to [delegate representatives (DReps)](https://iohk.io/en/blog/posts/2022/04/11/introducing-the-concept-of-delegate-representatives-dreps/) they trust in decision making. DReps consolidate the voting influence of numerous ada holders, ensuring that each participant can contribute to the future of Cardano’s development.

With the introduction of [PlutusV3](https://iohk.io/en/blog/posts/2024/02/12/unlocking-more-opportunities-with-plutus-v3/), Plutus scripts are available for use as part of the governance system, enabling sophisticated voting possibilities like supporting DAOs, for example. Chang also brings advanced Plutus cryptographic primitives, other new primitives, and performance enhancements to the platform. These additions provide developers with a richer smart contract creation toolkit, enhancing both developer and user experiences, and unlocking new possibilities for decentralized applications (DApps) on Cardano.

Expand Down

0 comments on commit 1b6e6be

Please sign in to comment.