Cardano

<p>The post <a href="https://cryptosnewss.com/charles-hoskinson-defends-cardano-why-ada-isnt-dying/" rel="noopener noreferrer nofollow">Charles Hoskinson Defends Cardano: Why ADA Isn&#39;t Dying</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.</p><p></p><p>Charles Hoskinson, co-creator of <a href="https://cryptosnewss.com/cardanos-bullish-run-how-ada-could-skyrocket-to-31-according-to-analysts/" rel="noopener noreferrer nofollow">Cardano</a> (ADA) and CEO of Input Output Hong Kong (IOHK), has recently addressed the negative sentiment surrounding the Cardano project. In a series of posts on social media platform X, Hoskinson dispelled rumors that Cardano is a dying blockchain and provided insights into the reasons behind the current sentiment.</p><h2 id="header-0">Governance Challenges and Voltaire Update</h2><p>Hoskinson pointed out that the negative sentiment is largely due to Cardano&#39;s governance protocol not scaling to meet the ecosystem&#39;s needs. He acknowledged that there have been years of pent-up grievances, unexplored roadmap items, unfunded growth strategies, and needed partnerships that haven&#39;t been addressed. However, he emphasized that the recent Voltaire update, launched in September, has transitioned Cardano into a fully decentralized protocol with a new governance model capable of listening and adapting to these needs.</p><h2 id="header-1">Voltaire Era and New Opportunities</h2><p>The Voltaire era introduced a voting and treasury system, enabling the community to make decisions and fund projects that will drive Cardano&#39;s growth. Hoskinson believes that this new governance model will address the long-standing issues and unlock new opportunities for the ecosystem. He stated, &#34;Now that Voltaire is here, the new governance is capable of listening and adapting to meet these needs and also executing a new roadmap to grow the ecosystem dramatically.&#34;</p><h2 id="header-2">Misunderstandings and Criticisms</h2><p>Hoskinson also addressed the misunderstandings and criticisms that have contributed to the negative sentiment. He explained that the transition into the Voltaire era is a strategic evolution, not a failure. The new governance model is designed to enhance community responsiveness and ensure long-term growth. Despite external skepticism, Hoskinson remains confident in Cardano&#39;s innovative trajectory and its resilience in the face of criticism.</p><h2 id="header-3">Cardano&#39;s Achievements and Future Plans</h2><p>Despite the challenges, Cardano has achieved significant milestones, including the launch of the Midnight Testnet and the upcoming Cardano Summit in Buenos Aires. Hoskinson is expected to unveil a new roadmap at the summit, which could set Cardano apart from its competitors. He reiterated that Cardano remains a leading blockchain in terms of decentralized governance and academic rigor.</p><p><strong>Conclusion</strong></p><p>Charles Hoskinson&#39;s recent statements highlight the ongoing efforts to address the negative sentiment around Cardano and emphasize the project&#39;s commitment to long-term growth and innovation. As Cardano continues to evolve, the community will be closely watching the developments and the impact of the Voltaire era on the ecosystem&#39;s future.</p><p>The post <a href="https://cryptosnewss.com/charles-hoskinson-defends-cardano-why-ada-isnt-dying/" rel="noopener noreferrer nofollow">Charles Hoskinson Defends Cardano: Why ADA Isn&#39;t Dying</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.</p>

Charles Hoskinson Defends Cardano: Why ADA Isn't Dying

Table of Contents

Cryptos Newss

Other articles published on Oct 11, 2024

Moon Musk Memecoin Will Explode 17,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag

Solana Price Prediction: Elliott Wave Insights – Is SOL About to Surge?

Legendary Bitcoin Trader: This Solana Rival at $0.03 Could Boost Your Portfolio by 2025

XRP ETF: A Step Closer? Insights from the President of ETF Store as Canary Capital Files for XRP ETF

Strategic Expert Picks this XRP Price Rival Priced at $0.03 to Boost His Portfolio by 2000x in 5 ...

Final Hours to Buy MoonBag Before Price Surges on Uniswap

Join our free newsletter for daily crypto updates!