Cardano Founder Champions Scalability and Governance Amidst Criticism: Calls for Decentralized Marketing Support

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Cardano Founder Champions Scalability and Governance Amidst Criticism: Calls for Decentralized Marketing Support
  • Charles Hoskinson reaffirms Cardano’s leadership in scalability, governance and innovation within the ecosystem.
  • Hoskinson advocates for a dedicated marketing team supported by Cardano’s decentralized treasury.
  • Recent developments include the launch of Lenfi v2 and Cardano’s first fiat-backed stablecoin, USDM.

Cardano founder, Charles Hoskinson, recently took to Twitter to address the ongoing criticism faced by the Cardano ecosystem, expressing confidence in its comprehensive approach towards scalability, governance, and innovation. Hoskinson emphasized the strength of Cardano’s community and its strategic vision for the future.

He highlighted there have been advancements such as its upcoming Chang hard fork which plans to introduce minimum-viable community-run governance. SanchoNet and the Ouroboros Leios Protocol indicate progress on this hard fork which also aims to tackle the blockchain trilemma.

Moreover, Hoskinson shed light on Cardano’s research endeavours, noting the scaling up of research labs and the substantial output of 209 papers, indicative of accelerated research translation. He also highlighted Cardano’s track record of uninterrupted uptime over 2300+ days, further solidifying its reliability as a blockchain platform.

In a subsequent tweet, Hoskinson quoted the community as using Cardano’s decentralized treasury to support a dedicated decentralized marketing team. He directed this proposal towards a Cardano whale account which goes by the username of ADA whale acknowledging its influence within the community.

The particular tweet tagged by the founder of ADA whale was showing off the new and upcoming projects on the Cardano blockchain to the community.

The account, in its “LatestOnCardano” series, highlighted recent milestones such as the launch of Lenfi v2, featuring pool manager NFTs aimed at increasing lending pool yield and stake pool contributions. Among other developments, the account noted the introduction of Cardano’s first native fiat-backed stablecoin ‘USDM’ developed by Mehen.

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