CIP 1694 was named after the birth year of Voltaire, where a revision of Cardano’s on-chain governance system is proposed to support the new requirements for the “Age of Voltaire”. The existing governance support for protocol parameter updates and MIR certificates will be deprecated, and two new fields will be added to normal transaction bodies: governance actions and votes. Any Cardano user will be able to submit a governance action, which will be ratified by three distinct groups: a Constitutional committee, a group of delegation representatives (DReps), and stake pool operators (SPOs). Ratified actions can then be enacted on-chain according to a set of well-defined rules.
Read the blog post by @liberlion about the CIP 1694 here: A CIP for a Decentralized Governance Mechanism for the Voltaire Era | AdaPulse
Read breakdowns:
- CIP-1694 Breakdown: Governance Actions
- CIP-1694 Breakdown: Distinct Groups Responsible For Ratifying The Governance Actions
- Army of Spies - Voltaire & CIP 1694 Video
Read the (raw) CIP 1694 by @JaredCorduan here: CIPs/README.md at voltaire-v1 · JaredCorduan/CIPs · GitHub