• Just The Metrics
  • Posts
  • #026: Cardano's Special Voting Events - A Game-Changer for Community Governance

#026: Cardano's Special Voting Events - A Game-Changer for Community Governance

PLUS: What is CIP-1694?

Welcome to This Week In Cardano

Read time: 5 minutes

If you want to:

  • Quickly gain fundamental blockchain knowledge

  • Use a metric-base assessment framework to make informed decisions

  • Have example assessments of major Layer1s already bring you way ahead of 95% of the people in the space

Then this eBook is for you👇

A 3-Step Metrics-Based Assessment Framework for Layer1 Blockchains (eBook) (ENG)

🏆 The First Book in Crypto that provides a metric-based Assessment Framework to evaluate Layer1 Blockchains based on the dimensions of the Blockchain Trilemma. It's an easy-to-understand and accessible Assessment Framework for blockchain evaluation based on the 3 dimensions of the Blockchain Trilemma indicating the degree of decentralization, scalability, and security.❓Maybe you know some or all of this: ❌ You are new to the crypto space and you feel lost in all the diverse and opposing information❌ You don't know where to look for trustworthy information❌ You have no time to do endless hours of research❌ You have been in the crypto space for a while and you are tired of all the hype and coin pumps.❌ You want to build your profound understanding of different blockchain projects❌ You want to understand the differences between projects from a fundamental, metrics-based perspectiveBut don't worry. We have been there, too. This is why we wrote this book!When it comes to classical stock evaluation, standardized frameworks, metrics, and procedures exist.What is already common sense in this asset class is a green field in the crypto market. Here, many bases their investment decisions due to complexity and information asymmetries on following the hype on Twitter or the narrative of influencers who might just want to dump a coin.This eBook sheds some light on the currently unstructured, distributed, and inconsistently crypto asset market.🤔 How is this possible, you might ask?The ebook provides you with a go-to framework for a Layer1 Proof of Stake Blockchain Assessment.......so that you will be able to understand:✅ What is the difference between stock evaluation and crypto assessments?✅ Why is a metric-based Assessment Framework essential to evaluate Layer1 blockchain projects?✅ What is the Blockchain Trilemma and why is the Assessment Framework based on it?✅ What metrics does each dimension of the Blockchain Trilemma contain?✅ How to apply the Assessment Framework - A simple guide.✅ Example assessments that show you step-by-step how to apply the Assessment Framework✅ A list of resources to research the metrics and to conduct your own assessment of Layer1 blockchains. 💎 How you benefit from the book:💎 You gain fundamental blockchain knowledge you would need weeks or months to collect the information from websites, Youtube and Twitter💎 You have a go-to framework that provides an understanding and gives an indication of the status quo of Layer1 Proof of Stake Blockchains, regarding their degree of decentralization, scalability, and security 💎 You have guiding principles and fundamental metrics at hand that helps you when it comes to making investment decisions. (because conducting such a quantitative assessment before making an investment decision should be a prerequisite for everyone in crypto for the long-term game.)💎 The provided example assessments of major Layer1s already bring you way ahead of 95% of the people in the space who just follow the next best Crypto influencer when it comes to their investment decisions.📖 What you will get - A sneak peek into the outline of the bookIn chapter 1 we will dive into the crypto assessment and shed light on why a metrics-based assessment framework is important.Chapter 2 deconstructs the development of the L1 Proof-of-Stake Blockchain Assessment Framework based on the Blockchain Trilemma and provides a detailed step-by-step guide and explanation of what metrics the Assessment Framework comprises.Chapter 3 provides example assessments of major Layer 1 Blackchins and demonstrates the practical application of the developed framework. Finally, Chapter 4 provides you with the most basic resource links to apply the Assessment Framework to conduct your own assessmentThis Assessment Framework has been deliberately designed to be as simple and accessible as possible so that also crypto beginners can work with it. I hope it will help you to start analyzing the fundamentals of existing or upcoming blockchain projects and to make more informed decisions.🎁 After you buyAfter you purchase the eBook, the download link will take a few minutes to come to your email inbox due to PDF stamping. Make sure you enter the correct email address at checkout. It can take up to 10-15 minutes before you receive the link. Be patient :)What if you haven't received the link?If you don't get the email with the link within 30 minutes reach out to us and we'll send it manually as soon as we can! Gumroad can act up sometimes :( ⚠️ Important noticeThis is a PDF download. No physical product will be mailed to you.We don't accept returns of the eBook - for obvious reasons. Make sure it's for you before you buy.

Hi Cardano Community,

Welcome to This Week In Cardano - your daily Newsletter covering the major updates in the Cardano Ecosystem!

This is what we have for you today:

  • 🎨 Cardano's Special Voting Events - A Game-Changer for Community Governance

  • 🛠 What is CIP-1694?

  • 💎 Gem of the Day

This Week In Cardano

Your Daily Newsletter covering all major events happening in the Cardano Ecosystem

Cardano's Special Voting Events - A Game-Changer for Community Governance

As the Cardano community continues to evolve and grow in the coming year, Project Catalyst will play an even bigger role in driving innovation and progress.

One of the most exciting developments on the horizon is the introduction of Special Voting Events or SVEs for short.

What are Special Voting Events (SVEs) and how do they work?

SVEs are a new type of vote that will take place outside of the regular Project Catalyst funding cycles.

Using the same tooling as Project Catalyst, SVEs will allow the community to give their consent on decisions that do not directly correspond to innovation or community challenges.

How do SVEs differ from regular Project Catalyst funding cycles?

One of the key differences between SVEs and regular funding cycles is that SVEs will give the community a way to make important decisions before CIP-1694 is live or for decisions that do not correspond to a governance action.

By the way, what is CIP-1694?

CIP 1694, also known as the "Governance Upgrade," aims to enable full decentralized governance on the Cardano blockchain.

CIP 1694 aims to shift this control to the community by introducing a constitutional committee and features to enable the creation of a community-controlled treasury.

This would allow the community to vote on protocol parameter values, initiate hard forks, and control the distribution of funds from the treasury.

Additionally, CIP 1694 also includes the introduction of a new governance state, which will enable more efficient and transparent decision-making by the community.

Why are SVEs important for the Cardano community?

SVEs will be a powerful tool for the community to shape the direction of Cardano and drive progress.

SVEs will provide a direct channel for the community to influence the development of the project and to ensure that the project is aligned with the community's vision and values.

SVEs will also provide a way for the community to hold the development team accountable, ensuring that resources are allocated in a way that aligns with community priorities and goals.

When can you expect to learn more about SVEs, and how can you participate?

In the coming weeks, the Project Catalyst Team will be sharing more information about SVEs and how they will be used to make crucial decisions within the community.

You will be also able to know about how you can participate in SVEs and have your voice heard.

So stay tuned for more information and get ready to join the conversation about the future of Cardano.

Interested in sponsoring this Newsletter?

💎 Gem of the Day 🧵

Ok, that's it for today. If you like what you are getting here, please

Share This Week In Cardano

with friends, family, or just other (crazy 😉) Crypto & Cardano Enthusiasts

Give us Feeback!

We would love to hear from you!

  • What did you like?

  • What can we do better?

  • Which topics are you interested in?

Write us, we will read and answer every email, pinky promise :)

That's it for today, see you tomorrow!

If you want to learn more about Cardano, crypto metrics and fundamentals give us a follow

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

Reply

or to participate.