By Guest 
In a landmark development for the blockchain community, Cardano has officially become fully decentralized as of today!
The Cardano Foundation announced that the network’s community has formally adopted its blockchain constitution, with the implementation set to commence on February 23rd.
Cardano Achieves Full Decentralization
According to CryptoSlate, the Cardano Foundation’s statement reads:
The Cardano Constitution is Approved! This is a significant milestone for on-chain governance, ensuring transparency, accountability, and clear rules for decision-making.
The adoption of the constitution follows months of discussions, workshops, and the involvement of various stakeholders. This framework empowers ADA holders to have a direct role in the network’s decision-making processes, formalizing the decentralized governance structure. The initiative has garnered widespread support from elected representatives (DReps) and the Interim Constitution Committee (ICC).
Charles Hoskinson, the founder of Cardano, declared that the network is now completely decentralized, with no centralized control points remaining. He stated:
We are now fully decentralized; there are no centralized points of failure in Cardano, just like Bitcoin!
Hoskinson compared the adoption of the constitution to national constitutional reforms, highlighting the difficulty of such changes in traditional governments. He added:
When was the last time the U.S. Constitution was amended? I think it was in the early 1990s. In today’s political climate, passing a new amendment is nearly impossible. But we did it on a global scale with Cardano, and this is truly a special day for us!
This process, which took over two years, involved more than 1,800 participants from 50 different countries. The effort aimed to create a governance structure that reflects the values of the global Cardano community.
Hoskinson also confirmed that the Interim Constitution Committee will be re-elected later this year, as the term of the current members is nearing its end. It is worth noting that Cardano’s price saw an increase of over 2.5% in the previous day, reflecting the positive market sentiment surrounding this significant development.
This monumental step not only solidifies Cardano’s position as a leader in decentralized blockchain technology but also sets a precedent for other networks aiming to achieve true decentralization. The Cardano community’s commitment to transparency and democratic decision-making is now enshrined in its constitution, paving the way for a new era of governance in the blockchain space.