Cardano has just completed the deployment of the Voltaire hard fork, marking the final phase of the project's roadmap. The upgrade on September 23rd primarily focuses on truly decentralizing governance to the community.

Several key changes in this update are worth noting: first, the community treasury system has been launched, with over $1.5 billion in funds no longer controlled by a few individuals but instead decided through on-chain proposals by ADA holders. Second, a delegated voting mechanism has been introduced, allowing users to delegate their voting rights to technical committees or other representatives, so they don't have to vote themselves each time. Additionally, a real-time governance dashboard makes all proposals, discussions, and voting results transparent and publicly accessible—if you want to understand project decisions, just check the on-chain data.

So far, 287 projects have received funding through this system, totaling $120 million, covering sectors like DeFi, education, and infrastructure. The staked amount of the governance token dRep has exceeded 500 million ADA, indicating a high level of community participation.

Cardano founder Charles Hoskinson's statement is quite interesting—he said this will make Cardano the "first blockchain truly owned and controlled by the community." Regardless of how you view this claim, decentralizing decision-making and involving token holders in governance is indeed a direction many projects are exploring.