The custodianship of the Cardano Foundation, a not-for-profit body working on propagating the blockchain network, all codes and specifications are going to be transferred to the community for the decentralized aim of the protocol to be achieved.
The statement, made by Charles Hoskinson in a new video, was born of the necessity to appreciate the effort pulled by the community members whose sleepless nights on bettering the Cardano protocol cannot be overemphasized.
Cardano Stake Pool Operators to Create Industry Association
Hoskinson, in the video, appreciated how two community members, Macro and Kyle, tabled an idea before him.
Earlier Hoskinson had proposed that the community create “an independent group that represents stake pools” and table everything they need to the Cardano Foundation and IOHK. He said the group should have the template of an industry association, however, Hoskinson did not know how to go about it.
Interestingly, the co-founder of Cardano said he conversed with the two stake pool operators, Marco and Kyle, and they brought out a nice concept on the idea.
The two stake pool operators mentioned to Hoskinson that they are setting up a guild for the stake pool operators named “Spacra,” and that will serve the purpose of Hoskinson’s call to action where he earlier suggested that the community create trade associations that will serve as the focal point of various constituencies.
“Less than 24 hours it went from a hypothetical to something that people in the community took seriously and started executing,” he said.
Hoskinson said he was surprised by the action and likened it with what is obtained in the research output the network is seeing in Cardano codes.
He mentioned that the Cardano Foundation and the developers are speedily cleaning things up and putting them in the right place.
The IOHK CEO said the Cardano roadmap ahead is humbling, observing that some ecosystems are just on the whiteboard. He observed that people within the community are passionate, reactive, and proactive about Cardano.
Hoskinson also said he wondered how efficient the Cardano community can be if they are incentivized properly.
The Cardano chief emphasized that the community is the best in the crypto space and the developer’s circle will do enough to bring diverse ideas out of the space by 2021.
He highlighted that the network has a lot of ideas in the oven and “2021 is going to be a super fun year” and a “clash of titans.
Come 2021, Cardano will bring out different ideas and unveil the concept of economic identity and millions of users will flow in to use the protocol across the globe. He said the platform would be used for digital identity related to transportation.
2021 is Year of Cardano (ADA)
In 2021, the Cardano network will see lots of changes and the protocol will make use of formal methods earlier used for the Cardano protocol.
Hoskinson relayed that the custodianship and architecture of the Cardano protocol should not be in the hands a company, but in the hands of the community. Once the community is willing to receive those specifications, it would be released..
The source management and the blueprints of the protocol would be placed on the blockchain, while the access control would be regulated through Voltaire, the mathematician averred
The idea, according to the CEO, will make everything about Cardano a true property of the community. Through open-sourcing, the community will be able to state how they are modified.