Charles Hoskinson, the founder of Cardano, has addressed recent concerns about the network’s governance structure, reassuring ADA enthusiasts and users that development processes will be robust and transparent.

In a March 16 video, Hoskinson responded to FUD about CIP 1694, a new governance proposal that is set to usher in the age of Voltaire to Cardano. Proposed in Nov. 2022, the CIP was intended to introduce a mechanism for onchain governance underpinning the Voltaire phase of Cardano.

The Voltaire era of Cardano will be the fifth major phase of the Cardano blockchain and is expected to lay out the foundations for decentralized decision-making, ushering the network into a self-sustaining system. Thus, CIP 1694 seeks to build on and extend the original Cardano governance with the introduction of a voting and treasury system enabling network participants to use their stake and voting rights to influence the future development of the network.