Cardano is looking into a new upgrade that brings on-chain governance to drive sustainability within the ecosystem.
CIP-1694 gives back power to ADA holders as the blockchain was originally designed.
In light of the ecosystem growing around the Cardano blockchain,  the team behind the revolutionary project focuses on governance. In the latest update, blockchain tech company EMURGO, one of the founding members of Cardano has opened a discussion around a proposal dubbed CIP-1694. The proposal brings on-chain governance to shape a sustainable future for Cardano and bring another significant upgrade to the network.
According to the announcement, CIP-1694 will start to form the governing bodies of the Cardano protocol including a Constitutional Committee and Delegated Representatives (dReps), voting policies, and other governance details related to on-chain governance including native tokens, new standards for on-chain improvements, and other proposed changes for the community.
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