Buenos Aires and Nairobi – Cardano, the seventh-largest blockchain by market capitalization, has convened a groundbreaking constitutional convention across two continents. Hosted in Buenos Aires and Nairobi, this historic event brings together over 2,000 community members, marking a pivotal step in the evolution of decentralized governance.
A Global Effort, Years in the Making
This three-day event is the culmination of two years of development, including 65 workshops across 50+ countries, with input from over 1,200 participants. The diverse gathering of 120 elected delegates and alternates aims to finalize and approve the Cardano Constitution, which will later be ratified through on-chain voting by ADA holders.
The convention is a testament to Cardano’s commitment to decentralization and inclusivity, reflecting the blockchain’s vision of empowering local talent and creating a more equitable future. By hosting the event in Latin America and Africa, Cardano highlights regions poised to benefit the most from blockchain technology.
In particular, Argentina, one of the fastest-growing crypto markets, stands out with $91 billion in crypto deposits recorded between July 2023 and June 2024. Legal advancements in tokenization and crypto-based corporate contributions further position the country as a leader in decentralized finance.
“Nearly a decade ago, we set out to build Cardano as a bold experiment in decentralized governance. What began as an idea has grown into a global movement, reshaping industries and empowering communities. This convention represents the realization of our vision to create a resilient, inclusive system that transforms how the world views governance, finance, and society.”
Charles Hoskinson, Cardano’s founder & CEO of Input Output
Defining Decentralized Governance
The Cardano Constitutional Convention is setting a new standard for blockchain governance. It introduces decentralized representatives (DReps), a decentralized treasury, and on-chain voting mechanisms to ensure transparent and equitable decision-making.
“This convention underscores the power of a truly global community,” Hoskinson added. “With strong representation from Latin America and Africa, supported by the Intersect member-based organization, we’re building a blockchain future shaped by and for its users.”
The approval of the constitution will unlock a treasury worth billions, fueling future development and innovations. This milestone strengthens Cardano’s position as a leader in decentralized innovation, with the tools to advance its mission globally.
About Intersect
Intersect, a member-based organization within the Cardano ecosystem, ensures the continuity and progressive development of Cardano’s core infrastructure, fostering a self-sustaining and future-proof blockchain. Learn more at Intersect.
About Input Output
Founded in 2015, Input Output is a leader in blockchain research and engineering. Known for its rigorous, evidence-based approach, it powers Cardano, a third-generation blockchain focused on scalability, sustainability, and interoperability. Discover more at Input Output.