LONG ADA - CARDANO breakout of a downtrend. Cardano has a proposed on-chain governance model that is not live at the moment. The project plans to introduce this system upon the arrival of the "Voltaire" era, alongside the network's decentralized treasury. In Cardano's on-chain governance system, participants will be able to use their staked ADA to voting on the future direction of the network.
Once Voltaire is live, protocol improvement proposals will originate from community participants instead of solely through the management of IOHK and Emurgo. Token holders, either through direct staking or a delegation system, will then be able to vote on which proposals the network should implement. Voltaire will also see the addition of a treasury system, whereby a fraction of all transaction fees will be pooled to provide funds for development activities undertaken following the voting process. -- cardano.org
Once Voltaire is live, protocol improvement proposals will originate from community participants instead of solely through the management of IOHK and Emurgo. Token holders, either through direct staking or a delegation system, will then be able to vote on which proposals the network should implement. Voltaire will also see the addition of a treasury system, whereby a fraction of all transaction fees will be pooled to provide funds for development activities undertaken following the voting process. -- cardano.org