Cardano
$2.30 0.49%
ADA · 4w

impact of voting?

i've been wondering about cardano voting. participated in the last round with my small cardano bag (which was great), and saw that one's voting power was equivalent to one's ada holdings at the time of snapshot. then one votes as many times as one likes applying full voting power to each yes. i believe the final tallies are a straight count of voting power. is that all correct? if so, my question is on the impact of this. does it optimize for whales? in a straight 1 token = 1 vote system, it's already whale friendly. however, this is the first time (and that's possibly due to low exposure to a variety of crypto voting), i've seen that voting power multiplied by however many things the voter likes. so while everyone gets to multiply their votes, it feels like whales get the most benefit, by having the biggest multiplier. have i missed something or is this the right take?
Go to self.cardano
Recent news
ADA +0.49% · youtu.be · 9h

Why did they even bother?

10 26 17 #charlesclips #cardano #IOHKFull Video | https://www.youtube.com/watch?v=Ja9D0kpksxwWhere Cardano Came From 00:001st Generation: Bitcoin 00:142nd Ge...
43
ADA +0.49% · summit.cardano.org · 19h

What an Agenda! Cardano Summit 2021

Cardano Summit 2021 will be our biggest ever. A mix of virtual and live events from around the world on September 25-26 2021. The whole world is invited. And it’s free. Simply register below.
ADA +0.49% · youtu.be · 20h

We're Almost There

We're almost there! The Cardano (ADA) 2021 Summit starts tomorrow. This is the Goguen Summit which means it's the smart contract summit. It feels like we're...
36