Charles Hoskinson, the man behind the Cardano blockchain, presented a new community-driven entity that would increase the community’s participation in the governance of the network’s ecosystem. Intersect, a new member-based organization, was recently unveiled as a tool for the development of the Cardano ecosystem.
Cardano founder Charles Hoskinson took to Twitter recently to inform his followers about Intersect’s launch:
The Cardano MBO website is live! https://t.co/tIkLyboHxz
— Charles Hoskinson (@IOHK_Charles) July 12, 2023
Intersect’s official website described it as an organization tasked with ensuring the ongoing maintenance and future development of the Cardano ecosystem. The platform would bring Cardano users together in order to deliver a secure, transparent, and innovative ecosystem that would operate using input from the community.
The new organization was presented as a forum for Cardano’s users to participate in the blockchain’s governance through discourse and collaboration. Intersect sought users who wished to become founding members of the member-based organization. Founding members would be tasked with steering committees and advisory boards in addition to utilizing grants and work packages to develop the network’s codebase.
According to Intersect, the organization ran on five key pillars which members would have to abide by. These included supporting the community through developer-focused events, administration of Cardano’s community-led governance, delivery of the Cardano Technical Roadmap, routine maintenance of the network, and lastly, coordination of open source development of core technologies for the network.
Intersect’s official website read:
As a natural aggregation point—a Cardano town square—Intersect allows firms and organizations making contributions to the ecosystem to raise and elevate their voices on how Cardano’s should evolve.
The Cardano community’s reaction to Hoskinson’s tweet was largely positive. The network’s users welcomed the latest development in Cardano’s roadmap, ahead of the highly anticipated Voltaire upgrade. There were no visible changes in the network’s native token ADA. At the time of writing, ADA was trading at $0.28, down almost 2% over the past 24 hours.
