Cardano Update:- Lost gem? ✍️
Good evening to all my friends. I hope you all are doing well. I am having a fantastic day. Us election done and very exciting days are ahead for all. Btw today i am not gonna talk about whole crypto market, I'll be sharing my views on cardano. So let's dig dip. Cardano is set to implement the second phase of the Chang hard fork, enhancing decentralized governance. Key updates include:
Delegate Representative Voting (D Voting):- This new system allows community members to vote on proposals, representing the voices of ADA holders. To participate, a one-time deposit of 500 ADA is required for a D certificate.
Stake Pool Operator Voting (SPO Voting):- Stake pool operators can use their delegated ADA as voting power to influence governance decisions, similar to D Voting.
Governing Actions:- Community members can submit proposals by locking in ADA, which they can reclaim after voting. Successful proposals will draw funding from Cardano's treasury, allowing community-driven projects to take shape.
These changes promote community engagement and strengthen ADA's value by encouraging holders to retain their assets. Improved governance is expected to enhance Cardano’s market performance, although broader market trends will still play a significant role. Last time when bear market occurred and covid lockdown happened i bought this gem at 0.05$ and cardano all time high was around 3$. I am up 30% from last dip when bitcoin was trading at 68k. I bought at 0.33$. You can still buy because there's lot of potential in this coin. Let's see what happens in upcoming weeks/months. That's it for today. Thanks & have a good day!!