Who is Cardano being built for?

Who should decide who Cardano should have served best? Many people would answer that no one because a decentralized network should have no leader. They believe that the blockchain should be launched and then no major changes made. Another possibility is that all users who have skin in the game will make the decisions. Through democratic voting, they can collectively decide to change the protocol. One group may benefit from the changes, but the other may lose. The change may, in principle, satisfy only some, so it may cause an exodus of some users. Cardano will have on-chain governance. Let’s think about what approach is most appropriate. Is Cardano heading in the right direction?

TLDR

  • Teams have essentially launched not only blockchains but also movements or communities of sorts.
  • A protocol capable of change may suit the majority, but minorities may go elsewhere.
  • A change-resistant protocol cannot respond to changes in the external environment. It will either survive as it is or cease to exist.
  • The community needs to trust the protocol, and the only way to do that is to control it.
  • As opinions differ on what the mission of the Cardano project actually is, opinions will differ on what new features to implement or how to improve the protocol.
  • The mission of Cardano is linked to wider adoption, and so we do well to rely on the wisdom of the crowd.

This article was prepared by Cardanians with support from Cexplorer.

Read the article: https://cexplorer.io/article/who-is-cardano-being-built-for

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