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The Cardano Voltaire governance phase is officially live. This stage marks the beginning of a fully community-driven era for the blockchain.
In simple terms, Voltaire has achieved several key milestones: first, it has established a true community financial system, with the treasury assets exceeding $1.5 billion, and the use of these funds is controlled by the community; second, it introduced a delegated voting mechanism, allowing token holders to participate in on-chain decision-making through representatives; third, all proposals are directly published on the chain, achieving complete transparency and decentralization.
In terms of implementation results, the first round of funding programs has already been launched, with 287 projects receiving support, totaling $120 million. These funds have been allocated across various aspects of ecosystem development, from development tools to application innovation and community building. This mechanism turns resource allocation into a truly community-driven process, rather than being dictated by a centralized entity.