• Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021
No Result
View All Result
CryptoABC.net
No Result
View All Result

Nearly 100% Cast Via Delegates

April 26, 2025
in Bitcoin
Reading Time: 4min read
0 0
A A
0
Nearly 100% Cast Via Delegates
0
SHARES
3
VIEWS
ShareShareShareShareShare

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Created by industry experts and meticulously reviewed

The highest standards in reporting and publishing

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Este artículo también está disponible en español.

Record-breaking turnout characterised Cardano’s latest governance vote, with almost all tokens on the network contributing to the decision-making process.

Per numbers, Input Output Global (IOG) CTO Romain Pellerin presented, 99.5% of the 4.657 billion ADA in delegated stake was employed in casting votes through the Delegated Representatives system on the network.

Related Reading

Vote Results Indicate High Support For Proposal

The breakdown of voting showed decisive community sentiments. Among all votes cast, 76% or 3.57 billion ADA were for the suggested measure. Opposing it were 918 million votes, while 169 million were no-confidence votes. A minuscule percentage—only 0.5% of the stake delegated—chose not to cast their vote.

This voting session is a milestone in what Cardano refers to as its “Voltaire governance era,” named after the French Enlightenment author and philosopher.

#Cardano decentralized governance in action: 99.5% participation of ADA 4.657B delegated stake🖖 https://t.co/yCpHQ7zCKe

— Romain Pellerin (@rom1_pellerin) April 25, 2025

How Cardano’s Liquid Democracy Model Works

According to reports from network developers, Cardano has adopted a “liquid democracy” governance model that provides ADA holders with flexibility in their engagement. In this model, token holders can delegate their governance authority to Delegated Representatives (DReps) while retaining full control of their funds.

The voting power of such representatives is proportionate to the amount of ADA they are assigned. ADA holders are not tied down to their decisions either—they can sell voting rights whenever they want, thus maintaining continuous control over who acts on their behalf.

DReps vote on all kinds of network-wide proposals, ranging from technical hard forks to treasury fund allocation decisions.

ADA market valuation currently at $25 billion. Chart: TradingView.com

Recent Hard Fork Enabled Full Governance Features

The governance functionality exhibited in this ballot came into full effect after the Plomin hard fork finished in January 2025. This network update enabled core functionality of Cardano’s governance system, such as treasury withdrawals, and made DReps’ role official in the ecosystem.

BREAKING:

Cardano has recorded a staggering 99.5% voter turnout in its latest governance vote.

Making Cardano one of the most decentralized and actively engaged ecosystems in the world. pic.twitter.com/M1tUP2kN1v

— TapTools (@TapTools) April 25, 2025

Related Reading

Following this technical upgrade, ADA holders had a number of participation choices. They were able to vote directly on proposals, delegate their voting power to a DRep of their choice, abstain entirely, or cast a formal vote of no confidence.

ADA price up in the last week. Source: Coingecko

One such design consideration highlighted by developers included the aspect of preserving unchanged staking rewards for ADA holders that did not engage in governance activities. This practice reflects pre-hard fork operations, enabling smooth transition to the new governance system.

The large turnout for this initial significant vote indicates that the community has accepted Cardano’s governance model, which combines representative voting with freedom of action for individual token holders.

At the time of writing, ADA was trading at $0.72, up 15% in the last seven days, data from Coingecko shows.

Featured image from MoneyCheck, chart from TradingView


Credit: Source link

ShareTweetSendPinShare
Previous Post

Trader Says Dogecoin and Shiba Inu Rival Mirroring 2024 Pattern That Led to 370%+ Surge, Predicts 2x Rally

Next Post

SUI Shows Relative Strength Against Bitcoin – New Uptrend In Play?

Next Post
SUI Shows Relative Strength Against Bitcoin – New Uptrend In Play?

SUI Shows Relative Strength Against Bitcoin – New Uptrend In Play?

You might also like

VeChain Foundation Releases Q1 2024 Treasury Report

Ethereum Leads as Digital Asset Inflows Slow Amid Economic Uncertainty

June 9, 2025
Scammer Nabs $55,000 in Crypto by Duping the U.S. Drug Enforcement Agency: Report

New Yorkers Warned of Fake QR Codes Being Placed on Parking Meters That Steal Victims’ Payment Information

June 8, 2025
Bitcoin Price Break Above $107,000 Triggers Bullishness, These Factors Will Drive A Faster Rise

Bitcoin Price Break Above $107,000 Triggers Bullishness, These Factors Will Drive A Faster Rise

June 11, 2025
The Head And Shoulders Pattern That’s Forming

The Head And Shoulders Pattern That’s Forming

June 7, 2025
Solaxy Coming to Ethereum with Hyperlane, Soon to Reach $48M in Presale

Solaxy Coming to Ethereum with Hyperlane, Soon to Reach $48M in Presale

June 11, 2025
Ethereum Consolidates Below $2,800 – Bulls Need This Level To Trigger Next Leg Up

Ethereum Consolidates Below $2,800 – Bulls Need This Level To Trigger Next Leg Up

June 8, 2025
CryptoABC.net

This is an Australian online news/education portal that aims to provide the latest crypto news, real-time updates, education and reviews within Australia and around the world. Feel free to get in touch with us!

What's New Here!

XRP Price Forms Flag Pattern Above Accumulation Zone That Points To $5 Target

XRP Price Forms Flag Pattern Above Accumulation Zone That Points To $5 Target

June 11, 2025
Connecticut Bans State and Local Governments From Investing in Crypto Assets

Connecticut Bans State and Local Governments From Investing in Crypto Assets

June 11, 2025

Subscribe Now

  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2021 cryptoabc.net - All rights reserved!

No Result
View All Result
  • Live Crypto Prices
  • Crypto News
    • Worldwide
      • Bitcoin
      • Ethereum
      • Altcoin
      • Blockchain
      • Regulation
    • Australian Crypto News
  • Education
    • Cryptocurrency For Beginners
    • Where to Buy Cryptocurrency
    • Where to Store Cryptos
    • Cryptocurrency Tax in Australia 2021

© 2021 cryptoabc.net - All rights reserved!

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • Heart NumberHeart Number(HTN)$0.000000-30.47%
  • TadpoleTadpole(TAD)$0.000000-1.76%
  • SEENSEEN(SEEN)$0.000000-2.27%
  • EvedoEvedo(EVED)$0.000000-0.80%
  • MarginswapMarginswap(MFI)$0.000000-2.17%
  • SakeTokenSakeToken(SAKE)$0.0000004.37%
  • WTF TokenWTF Token(WTF)$0.0000000.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.000000-5.83%
  • RobotinaRobotina(ROX)$0.00000038.50%
  • CageCage(C4G3)$0.000000-3.67%