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Hoskinson Details Cardano’s Bill Of Rights For Blockchain Governance
- Charles Hoskinson, founder of Cardano, has introduced a 'Bill of Rights', containing 11 foundational tenants for blockchain governance.
- Hoskinson's broadcast emphasized the collaborative efforts already underway on the initiative, featuring participation by 1,400 individuals and the election of 63 delegates.
- The Bill of Rights is not exclusive to Cardano, but is intended as a framework for various blockchain systems.
- The 11 tenants highlighted are intended to establish a constitutional foundation that will guide the development and governance of blockchain technologies.
- Cardano's tenants include transaction censorship resistance, predictable transaction costs, fair recognition and compensation, and privacy preservation.
- Also included are compliance with local laws and regulations, transparency, predictability, and verifiability.
- Hoskinson emphasized the importance of preserving the system's integrity over short-term gains.
- The upcoming Constitutional Convention in Buenos Aires aims to formalize these governance principles, bringing together delegates from 50 countries.
- Hoskinson suggested other blockchain communities could adopt similar frameworks to balance technical innovation with ethical governance.
- In summary, the Bill of Rights for blockchain governance is aimed at establishing a constitutional foundation that will guide the development and governance of blockchain technologies.
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