CIP-1694: Cardano enters the Voltaire erae

The IOG team prepares Cardano to enter the Voltaire era. If the topic of on-chain governance interests you, you should definitely not overlook CIP-1694. This Cardano Improvement Proposal (CIP) defines foundations for decentralized decision-making. This will be the first major step towards decentralised management of the Cardano project which will hand over a significant amount of power to the community.


  • Currently, the 7 governance keys are divided between 3 entities.
  • There will be a document called the Constitution and a committee to oversee governance.
  • There will be a new role of Delegation Representative (DRep), which can be obtained by anyone interested. Stakers can delegate their stake to DReps.
  • In the new governance model, key changes will be decided by the committee, DReps and SPOs.

This article was prepared by Cardanians with support from Cexplorer.

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