Cardano Founder Discusses ADA’s Future And Exciting Updates

Cardano Charles Hoskinson


In a forceful rebuttal to widespread media speculation about the viability of Cardano, founder Charles Hoskinson has provided a detailed rundown of forthcoming developments and initiatives which he believes underscore the cryptocurrency’s robust health and its promising future.

Cardano Founder Slams Crypto Media

In a statement via X, Hoskinson expressed his frustration with the current narrative surrounding ADA in the crypto media landscape. “Never in my career have I seen such a profound disconnect between reality and opinion with the cryptocurrency influencer and media perception of Cardano versus its actual fundamentals,” he stated.

He emphasized that Cardano is on the brink of significant developments, including what he describes as the “most significant hard fork in the history of the project.” The forthcoming Chang Hard Fork represents a pivotal evolution for Cardano, transitioning control of the protocol fully to the community.

This move will burn all seven genesis keys, thereby marking a historic leap toward complete decentralization. The upgrade, anticipated to significantly advance on-chain governance as outlined in CIP-1694, will also see the introduction of delegated representatives (DReps), further decentralizing decision-making processes within the ecosystem.

okex

Beyond the hard fork, Hoskinson highlighted several other initiatives poised to catalyze growth and innovation within the ecosystem. These include the introduction of new technologies such as Hydra, a layer-two scalability solution designed to enhance transaction speeds and reduce costs, which is currently in the maturation phase. Moreover, Hoskinson highlighted that Cardano can boast several partner chains with Midnight and Prism.

Cardano’s active community participation is evident in the rapidly growing number of DApps, significant research and development in blockchain scalability, and the organization of major events such as the Rare Evo blockchain convention (August 15-17), the Cardano Foundation Summit in Dubai (October 23-24), and participation in TOKEN2049 in Singapore (September 18-19).

Moreover, the Project Catalyst initiative continues to be a driving force for community-led innovation, providing funding and support to projects that promise real-world applications and solutions. Looking forward, the Cardano ecosystem is also preparing for a significant constitutional convention in Buenos Aires, where delegates will ratify a final version of Cardano’s Constitution, further establishing the framework for decentralized governance.

“We are on the verge of the most significant hard fork in the history of the project, tons of community DApps are growing rapidly, we are leading the industry in scaling R&D, rare evo is going to be a huge event, the Foundation summit huge, we’ll be at Token 2049, technologies like Hydra are maturing, we have partnerchains, Midnight, Prism, tons of community events, catalyst, and then the constitutional convention in Argentina,” Hoskinson stated.

The ADA founder concluded with a strong message to detractors, asserting, “Cardano is here to stay, and it’s a juggernaut that will drag this industry kicking and screaming if it has to towards solving the real-world economic, political, and social issues we all is beyond pathetic and just reflects on the low quality and low effort they put into our ecosystem.” This statement not only refutes claims about Cardano’s demise but also challenges the cryptocurrency community to recognize and engage with the substantive advances being made.

At press time, ADA traded at $0.459.

ADA price continues sideways trend, 1-day chart | Source: ADAUSD on TradingView.com

Featured image from Shutterstock, chart from TradingView.com



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest

CryptoKorner
Fiverr
CryptoKorner
Cardano Charles Hoskinson
okex
Changelly
Tea App That Claimed to Protect Women Exposes 72,000 IDs in Epic Security Fail
BlackRock’s $10B Ethereum ETF Surge Propels Snorter Token to New Heights
House recess over Epstein standoff stalls crypto policy push until September
Bitcoin, Stocks And Altcoins Move Toward New Houses
The AI Gig Economy Is Here—And It Pays in Crypto
ETH Nears $4K After 50% Surge and $100M in Shorts Burned – Spotlight on the Best Altcoins
bitcoin
ethereum
bnb
xrp
cardano
solana
dogecoin
polkadot
shiba-inu
dai
Free book
Coinbase
Ethereum Price Nears $4,000 as ETH Weekly Close Looms Large
Hive Digital Technologies Rings Nasdaq Closing Bell, Eyes $100M HPC Growth
Tea App That Claimed to Protect Women Exposes 72,000 IDs in Epic Security Fail
Shengjia Zhao named Meta Superintelligence Chief Scientist
Dragonfly Capital Faces DOJ Threat Over Tornado Cash Ties
Ethereum Price Nears $4,000 as ETH Weekly Close Looms Large
Hive Digital Technologies Rings Nasdaq Closing Bell, Eyes $100M HPC Growth
Tea App That Claimed to Protect Women Exposes 72,000 IDs in Epic Security Fail
Shengjia Zhao named Meta Superintelligence Chief Scientist
ar
zh-CN
nl
en
fr
de
it
pt
ru
es
en
bitcoin
ethereum
xrp
tether
bnb
solana
usd-coin
dogecoin
staked-ether
cardano
bitcoin
ethereum
xrp
tether
bnb
solana
usd-coin
dogecoin
staked-ether
cardano