Cardano's governance gets questioned; CharlesHoskinson responds with...
, she stated that IOG , the company behind Cardano’s formation, could dominate a large part of Cardano’s governance.According to her, this dominance and subsequent lack of centralization in governance would be occurring due to theAs per Vanessa, the CIP-1694 proposal will be giving away a lot of power to Cardano’s Constitutional Committee.
Vanessa stated that replacing the committee would be a difficult task and that a no-confidence vote would require a large majority of representatives. Due to these factors, she asserted that under the CIP-1694 proposal, IOG would always retain control of Cardano, except in rare situations.participate in the governanceThe stakers would have to pay a fee to a Delegated Representative or become a Delegated Representative themselves to participate in Cardano’s governance.quickly to these claims. He dismissed these statements saying, “This is categorically false and a great example of how FUD spreads.
Furthermore, the volume of ADA also fell. Over the last month, it decreased from 258.69 million to 185.69 million, at press time. During this period, ADA’s price showed a strong correlation with its volume, falling 16.61%. This led to ADA’s price volatility gradually increasing.Now, if the price volatility continues to rise, ADA could become an increasingly risky asset to buy.Subscribe to get it daily in your inbox.
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