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