Buenos Aires and Nairobi – Cardano, the seventh largest blockchain by market capitalization, has convened a groundbreaking constitutional convention on two continents. Hosted in Buenos Aires and Nairobi, this historic event brings together more than 2,000 community members and marks a crucial step in the evolution of decentralized governance.
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A global effort, years in the making
This three-day event is the culmination of two years of development, including 65 workshops in more than 50 countries, with input from more than 1,200 participants. The diverse gathering of 120 elected deputies and alternates aims to finalize and approve the Cardano Constitution, which will later be ratified through on-chain voting by ADA holders.
The convention is a testament to Cardano’s commitment to decentralization and inclusivity and reflects the blockchain’s vision to empower local talent and create a more equitable future. By hosting the event in Latin America and Africa, Cardano is highlighting regions poised to benefit the most from blockchain technology.
Argentina in particular, one of the fastest growing crypto markets, stands out with $91 billion in crypto deposits recorded between July 2023 and June 2024. Legal advances in tokenization and crypto-based corporate contributions further position the country as a leader in the field of decentralized finance. .
“Nearly a decade ago, we started building Cardano as a bold experiment in decentralized governance. What started as an idea has grown into a global movement, reshaping industries and empowering communities. This convention represents the realization of our vision to create a resilient, inclusive system that changes the way the world views governance, finance and society.”
Charles Hoskinson, Cardano’s founder and CEO of Input Output
Defining decentralized governance
The Cardano Constitutional Convention sets a new standard for blockchain governance. It introduces decentralized representatives (DReps), a decentralized treasury and on-chain voting mechanisms to ensure transparent and fair decision-making.
“This convention underlines the power of a truly global community,” Hoskinson added. “With a strong representation from Latin America and Africa, supported by the member organization Intersect, we are building a blockchain future shaped by and for its users.”
The adoption of the Constitution will free up a treasury worth billions, spurring future development and innovations. This milestone strengthens Cardano’s position as a leader in decentralized innovation, with the resources to advance its mission globally.
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About Intersect
Intersect, a member-based organization within the Cardano ecosystem, ensures the continuity and progressive development of Cardano’s core infrastructure and promotes a self-sustaining and future-proof blockchain. More information on Intersect.
About input-output
Founded in 2015, Input Output is a leader in blockchain research and engineering. Known for its rigorous, evidence-based approach, it is the driving force behind Cardano, a third-generation blockchain focused on scalability, sustainability and interoperability. Discover more at Input Output.