The community will vote on CIPs for the first time to change the inflationary parameter of Cardano.
The democratic process will be a “bicameral” voting system for community and stake pool operator participation.
This month Cardano’s d parameter will reach a value of 0. With that, the blockchain will be completely decentralized. In preparation for this milestone, IOG CEO Charles Hoskinson has made a video in which he summarized other parameters of Cardano.
After the event, Hoskinson believes that Cardano will have 3 major milestones of equal importance: the delivery of peer-to-peer network, genesis of Goguen, and the ultimate achievement, the delivery of a “democratic process”. ADA holders will be able to vote to make changes to parameters such as k and d and choose whether they will be implemented as a soft fork or a hard fork using the combinator mechanism.
Cardano’s developer IOG sees these parameters as a “starting point” that will generate relevant data to unders
