Advancements in Cardano’s Governance System Emerge with CIP-1694

Cardano, a layer-1 Proof-of-Stake (PoS) blockchain protocol, is making significant strides in its efforts to implement the much-anticipated Cardano Improvement Proposal (CIP-1694). The proposal aims to establish a Minimum Viable Governance (MVG) framework, effectively enhancing the protocol’s decentralized governance system.