Due to the upcoming “Chang” hard fork, the Cardano (ADA) community is set to inherit approximately $68.1 billion worth of ADA tokens.
Cardano is home to one of the world’s largest cryptocurrency treasuries. These assets are self-managed by community members when combined with other digital assets. This initiative highlights the fact that TapTools is a cryptocurrency tracker designed to ensure that the Cardano protocol remains fully controlled by its holders.
This demonstrates that decentralized and community-based governance remains a core focus for Cardano. Following the implementation of this update for Chang, community members will be able to submit their project ideas for consideration and vote to support treasury funds based on TapTools data. Unlike other protocols that manage multiple cryptocurrencies in their treasuries, Cardano only holds ADA.
The blockchain primarily deploys its treasury to support its ecosystem, and Cardano follows this trend. This indicates the level of activity happening within Cardano, which is seen as a sign that proactive participants believe in developing the ecosystem.
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To guide its development direction, Cardano has adopted a three-tier governance structure. The Cardano Foundation oversees the platform’s development and promotion, Input Output Global (IOG) is responsible for research and development, and EMURGO manages commercial ventures.
Cardano founder Charles Hoskinson recently announced the implementation of “Voltaire,” signaling the arrival of the era of community governance.
