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Cardano’s Voltaire - Glossary: key terms explained |
A constitution is a collection of rules for a state that determines the fundamental principles by which a state is governed. Throughout history, constitutions have played a key role in establishing and delineating a Government’s structural framework, defining the main institutions of the state and their respective powers, responsibilities, and limitations. A constitution provides the framework for decision-making and typically incorporates design features that should reduce decision-making costs at scale.
As Cardano is a community-led ecosystem, it is imperative that its Constitution is enacted for the benefit and protection of the entire ecosystem.
The Cardano Constitution will provide the framework and guardrails for collective decision-making. It will also define the rights and principles for those participating in the Cardano ecosystem and provide the foundation to meet the current and future demands of a maturing ecosystem (see also Interim Constitution).
Ada holders must ratify the Constitution, an act of solidarity to protect and ensure the health of the Cardano ecosystem.