Cardano is embarking toward decentralized governance with the Cardano Constituional Convention.
The event has already begun and will run until 6 December. It is being held in Nairobi, Kenya, and Buenos Aires, Argentina. The convention marks a huge milestone in steering the future of the Cardano network.
Today marked an incredible start to the Cardano Constitutional Convention.
Delegates, community members, and contributors from across the globe gathered together in Nairobi🇰🇪 & Buenos Aires🇦🇷 to discuss and shape the future of Cardano’s governance.
The Input | Output team,… https://t.co/F3Og2mEG1v pic.twitter.com/F3Og2mEG1v
— Input Output (@InputOutputHK) December 4, 2024
The event aims to draft and ratify the inaugural Cardano Constitution. The constitution will be the foundation document to guide the network’s governance mechanism.
Elected community personnel will make key decisions, such as the focus areas for the upcoming year, innovations, and areas of consideration. The initiative showcases Cardano’s commitment to developing a community-driven and decentralized ecosystem.
Cardano is setting a precedent for other blockchain ecosystems by involving the community in drafting a constitution. This convention will focus on governance, address scalability and sustainability, and ensure that Cardano remains at the forefront of technological innovation.
The event’s outcomes will likely have far-reaching effects on the blockchain industry, positioning Cardano as a leader in decentralized governance.
Despite the convention being held in 2 spots, it is made inclusive. Interested individuals can access it publicly via a live stream. Cardano ensures that everyone can participate in the event and witness the network’s drafting process.
As expected, the anticipation surrounding the event has created a buzz in the market. Analysts are becoming more optimistic about ADA’s growth, expecting an upcoming price hike.
According to the latest ADA price prediction 2025, the coin can hit 2.80 dollars before 2025 ends. The coin currently trades at 1.20 dollars with a 2.85% daily uptick. A weekly hike of 19% showcases that the 8th-ranked crypto is building momentum.
The growth is expected to be driven by increased adoption and network growth. The optimism is supported by an ongoing surge in its value, which went up 200% in the past month alone.
