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CIP-1694, a “formal Cardano Improvement Proposal,” outlines the new community governance structure and establishes three user-led governance bodies: the Constitutional Committee, Delegated Representatives (dReps), and Stake Pool Operators (SPOs). Going forward, Cardano’s three founding entities (the Cardano Foundation, Input Output Global (IOHK), and Emurgo) will no longer have the keys to trigger chain upgrades or hard forks. Instead, this responsibility will be delegated to the new governance groups.
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