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Cardano Founder Call for Reviews on Massive dApp Ecosystem Proposal

The proposal enables trust-minimized governance, letting stakeholders guide dApp decisions through transparent on-chain voting.

Cardano coin

Cardano founder Charles Hoskinson has called on developers and users within the project’s community to review a new Cardano Improvement Proposal (CIP). The new CIP, described by contributors as “massive” in its implications, aims to enhance the account address feature on the blockchain.

Cardano Community Moves to Unlock New Address Feature

Similar to most blockchain networks, Cardano is open-source, enabling developers from across the ecosystem to suggest and propose features that can enhance the network’s functionality. The latest proposal, which is currently gaining traction on the project’s network, involves a new feature for certain kinds of addresses on the network.

Until now, Cardano’s design means that users are not allowed to deposit ADA, the network’s native currency, into reward/staking addresses. The absence of these features means that these addresses can only receive staking rewards from the Cardano protocol, a design that limits what users can do with funds on the address without first moving them.

Additionally, the design impacts how the Cardano-based wallet handles user transactions. In certain cases, users are mandated to deposit at least 1 ADA to make transactions, even though network fees are currently at an average of 0.39 ADA.

The proposed CIP addresses these bottlenecks, provides a better experience for Cardano users, and could potentially unlock even more capability for the blockchain.

For instance, Phil, a developer and early contributor to the blockchain network, revealed that the proposed update has the potential to be a game-changer for on-chain governance within Cardano’s decentralized application (dApp) ecosystem. Phil notes that it lowers the technical barrier for developers to embed governance directly into their applications. 

The latest development is understandably gaining traction in the project’s community. As noted earlier, Cardano founder Charles Hoskinson has rallied developers to share their input regarding the proposal. Overall, the community feedback has been positive so far, hinting at a possible easy passage for the CIP in the near future.

Cardano Community Remains Active Amid Founder Allegations

Meanwhile, the latest development comes at a time when the Cardano community is anticipating the release of an audit report involving the project’s token, ADA. Hoskinson was recently accused of improperly handling ADA tokens.

However, the Cardano founder plans to clear his name and recently shared that he has reviewed the preliminary draft of the audit report. He asked for additional details in several key sections before its public release.

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Chris Lion