Category: Governance
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XRP Ledger Set For Governance Overhaul: DAO Confirmed
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The XRP Ledger (XRPL) is about to undergo a major governance shift with the official confirmation of the creation of a Decentralized Autonomous Organization (DAO). This transformation aims to decentralize decision-making processes and significantly enhance community participation, which represents a pivotal development within the framework of ecosystem governance. XRP Ledger…
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Hoskinson Details Cardano’s Bill Of Rights For Governance
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Charles Hoskinson, founder of Cardano, unveiled a blockchain governance framework in his latest work broadcastproviding what he refers to as a “bill of rights” for the Cardano ecosystem. Centered around 11 core blockchain tenants, this initiative aims to create a constitutional foundation that will guide the development and management of…
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Cardano’s Chang Hard Fork Unlocks Decentralized Governance
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The world of blockchain technology has seen a major shift with the highly anticipated activation of Cardano recently. Chang’s promotionThis milestone marks a pivotal moment in the ecosystem’s journey towards decentralized governance, empowering the community to shape the future of ADA and the Cardano blockchain. Launched in 2017 by Ethereum…
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Why Kenya needs robust Shariah governance rules
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Kenya has achieved a significant milestone in Islamic finance by issuing the first Sukuk in East and Central Africa. The listing of Linzi Finco Sukuk on the Nairobi Stock Exchange’s over-the-counter securities platform two weeks ago was aimed at raising funds that would be used to develop affordable housing projects…
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$25 Million Drained From Compound (COMP) Treasury In Latest Governance Exploit Incident
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$25 million was drained from the Compound Finance (COMP) treasury in a recent governance attack, raising concerns about the state of decentralized governance in Decentralized Finance (DeFi) Ecosystem. DAO complex hijacked According to DeFi researcher Ignas said the attack began with an initial proposal to give away 92,000 COMP tokens,…
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Cardano’s $681.9 Million Treasury Set To Empower Community Governance
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Credit: BitcoinSystem The cryptocurrency landscape is constantly evolving, and Cardano (ADA) has emerged as a prominent player in this dynamic ecosystem. As the eighth-largest cryptocurrency treasury in the industry, Cardano’s financial reserves have received a lot of attention, especially with the impending transfer of this large treasury to the community.…
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Solana Validators Poised To Reap Rewards As Governance Approves Priority Fee Overhaul
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The Solana blockchain, known for its extremely fast transaction processing and growing ecosystem, has recently seen a major shift in its fee structure. In a landmark governance decision, Solana’s validators were given the authority to retain 100% of priority fees collected from transactions, a departure from the previous model that…