Cardano Blockchain Governance Update: ICC Voting Underway for Chang Hard Fork

Title: Cardano Blockchain Community Engages in Voting Process for Interim Constitutional Committee Amid Criticism

In a significant development within the Cardano blockchain ecosystem, the voting process for the Interim Constitutional Committee (ICC) has commenced, marking a crucial step towards governance model restructuring under the upcoming Chang hard fork. The voting, which allows ADA holders to select three new members for the ICC, is being conducted through the Summon Platform and will conclude on June 23, covering Epochs 491 and 492.

The ICC holds a pivotal role during the technical bootstrapping phase of the Chang hard fork, ensuring that Governance Actions align with the interim constitution. The election results are scheduled to be announced on June 26.

However, amidst this governance update, Pi Lanningham, CTO of Sundae Labs, a Cardano-based project, has expressed reservations about the current voting process, particularly regarding the non-disclosure agreements (NDAs) surrounding the draft constitution. Lanningham’s criticism of Input Output Global (IOG), the development company behind Cardano, suggests that their approach may be amplifying concerns rather than addressing them, potentially fueling unnecessary controversy.

Lanningham emphasized the importance of open discussions around the draft constitution to avoid escalating community discord and conspiracy theories. He proposed that IOG should proactively engage in dialogue about controversial provisions to build a more resilient governance framework.

In response to the criticism and ongoing community debate, Charles Hoskinson, founder of Cardano and CEO of IOG, provided an update indicating that the comprehensive governance package, including the fork-ready candidate node, the guardrail contract, and the interim constitution, would likely be released soon.

As Cardano approaches the Chang hard fork, the dynamics within its community and the evolving governance model remain critical. The outcomes of the current voting process and the integration of the interim constitution are expected to have lasting impacts on the blockchain’s operational and governance landscape.

At the time of reporting, ADA traded at $0.392, reflecting the community’s engagement and interest in the governance process. Stay tuned for further updates on Cardano’s governance evolution.