IOHK is beginning to implement a governance system on Cardano, which will allow the community to vote on matters related to the blockchain’s development and funding.
Cardano announced the first stage of Project Catalyst, the first part of its governance system, on Twitter this week:
Today, we're kicking off 'Fund 1', the first exploratory stage in our Project Catalyst governance program for #Cardano. Project Catalyst is an exciting experiment in decentralized governance @Cardano #Voltaire 1/
— Input Output (@InputOutputHK) August 12, 2020
This initial stage will allow about 50 community members to vote on proposals concerning business developments and dApp construction. In other words, it serves as an “incubation space” for various …