Cardano founder Charles Hoskinson recently addressed speculation about the future of the project in a passionate response on Twitter. He emphasized the network’s upcoming advancements and robust health, dispelling doubts about Cardano’s viability.
In his post, Hoskinson criticized the disconnect between public perception and Cardano’s actual fundamentals, calling out media coverage that questioned the blockchain’s survival as “beyond pathetic.” He highlighted the Chang hard fork as a significant milestone for the project, bringing community-run governance and increased transparency to the blockchain.
The upcoming Chang hard fork is part of the Voltaire era of Cardano’s roadmap, enabling on-chain community consensus and allowing ADA holders to vote on proposals. This update will also involve burning all seven Genesis keys, further decentralizing decision-making processes within the network and promoting greater community participation.
Following the Chang hard fork, Cardano plans to host the Cardano Constitution Convention in Argentina, where governance representatives from workshops around the world will gather to formulate the initial version of the Constitution. These developments are expected to drive growth and innovation within the Cardano ecosystem, with the rollout of Cardano-based Hydra and partnerships with Midnight and Prism.
Hoskinson reassured critics that Cardano is here to stay and will continue to make strides in addressing real-world economic, political, and social issues. He emphasized the project’s commitment to progress and innovation, challenging skeptics to acknowledge the ongoing advancements and dismiss claims of Cardano’s imminent demise.
With ADA trading at $0.48 at press time, reflecting a 4.41% increase in the past 24 hours, Cardano is poised to thrive in the evolving cryptocurrency landscape. The network’s focus on governance, transparency, and scalability sets a solid foundation for its future growth and sustainability in the digital asset space.
Discussion about this post