Cardano (ADA) Leads the Revolution: The Only One in the Top 10 with On-Chain Governance

Jakarta, Pintu News – A major milestone has been reached by Cardano (ADA) with the first successful on-chain governance vote being conducted. This marks a major step in blockchain’s transition to fully decentralized governance. Charles Hoskinson, founder of Cardano, has expressed his positive reaction to this progress, affirming a new era in the management and growth of the Cardano ecosystem.

New Beginnings of Decentralized Governance

Cardano is now entering a new phase with the implementation of its first governance vote. This event is not only historic but also marks the start of an era where the community, rather than a centralized entity, will make decisions regarding core development funding. This is a significant step forward in Cardano’s quest to become more decentralized.

This vote has officially authorized direct funding for core development initiatives. In doing so, Cardano is demonstrating a transition from a centralized decision-making model to one that empowers its global community. This demonstrates Cardano’s commitment to developing an inclusive and participatory ecosystem.

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Cardano Is the Only One in the Top 10 with On-Chain Governance

With the recently conducted governance vote, Cardano is now the only cryptocurrency in the top ten by market capitalization to implement on-chain governance. This sets a new standard in how blockchain ecosystems are managed. Cardano now stands at 10th place as the cryptocurrency with the most advanced governance system.

According to a report from Cardanians (CRDN), there are currently 39 cash withdrawal proposals open for voting. This allows Delegate Representatives (DReps) and the wider community to participate directly in shaping the ecosystem by deciding which initiatives get funding.

Reactions and Impact on the Broader Crypto Community

The crypto community at large has responded enthusiastically to Cardano’s achievement. Many have expressed their congratulations and support, showing that this achievement is not only important for Cardano but also for the crypto industry as a whole.

This shows the potential of blockchain being managed directly by its users. Charles Hoskinson himself has recognized the significance of this event in a post on X social media on August 3rd. He praised the community for their support and trust, reinforcing the belief that decentralized governance is not just a vision, but is now an operational reality within the Cardano ecosystem.

Conclusion

This achievement marks a turning point in Cardano’s history and may be an inspiration for other blockchains to follow suit in decentralized governance. By continuing to push the boundaries of innovation and community participation, Cardano is not only strengthening its position in the market, but also demonstrating the real power of blockchain technology.

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Reference

• NewsBTC. Cardano Hits Historical Milestone. Accessed on August 6, 2025