Cardano (ADA) Might Receive Tax on Governance Action, Tech Director Says

._KtorZ_ shares Cardano $ADA governance proposal tax design, here's why Cardano needs it ADA CIP1694

Cardano , the second largest proof-of-stake network, inches closer to the Voltaire Era, i.e., the endgame stage of its decentralization. To make its processes viable and balanced, the system of its governance requires powerful catalysts. Benkort proposes one of them in the form of a"governance action tax."Cardano governance proposal deposits, i.e.

Or, the"KtorZ's Tax" as some people have already coined it. Open for debate. I think it solves the question of DRep incentives nicely.The proposal, called "KtorZ's Tax" by some Cardano enthusiasts, is set to introduce viable incentives for the activity of delegate representatives, or DReps. Per the text of the proposal to amend the initial CIP-1694 version, the tax can be introduced in the form of a"configurable minimum fee.

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