- Charles Hoskinson addresses negative sentiment, linking it to Cardano’s Voltaire governance shift.
- Hoskinson emphasizes Cardano’s transparency and resistance to market manipulation.
- Cardano’s focus on long-term growth distinguishes it despite criticism from the crypto community.
Charles Hoskinson, the founder of Cardano, has responded to the recent negativity surrounding the project on X. He says this negativity is actually a good thing, and it’s exactly what he expected from the Voltaire era.
Voltaire is all about making Cardano more decentralized and giving the community more control. This is important because there are a lot of things that need to be fixed, like problems with Cardano Native Assets (CNAs) and stablecoin support.
Hoskinson explained that several grievances and unmet needs have built up over the years. These include unexplored roadmap items, underfunded growth strategies, and partnerships that are yet to launch. He believes that the new governance structure will fix these challenges effectively. The Voltaire phase lets Cardano’s community take part in decision-making and helps create a roadmap to grow the ecosystem.
Governance and Cardano Native Assets (CNAs)
Hoskinson talked about the importance of governance that can grow with the ecosystem. He admitted to having his own list of unresolved issues, especially around Cardano Native Assets (CNAs). For example, challenges like asset custody and liquidity still need to be addressed. But with Voltaire’s governance, there is now hope for resolving them.
Read also : Cardano’s Stablecoin Integration: What’s the Holdup?
Hoskinson also explained what makes Cardano different from other cryptocurrencies. Another difference is that Cardano is transparent, unlike most projects that make backroom deals. He said that because of Cardano’s decentralized governance, it would be difficult for anyone to rig the system because all the decisions are made openly. The entire Cardano project is managed by its community, which is spread across over 100 countries. According to Hoskinson, this is why the project gets criticized but also stands out.
Cardano’s Focus: A True Cryptocurrency
Cardano’s focus is still on being a true cryptocurrency, according to Hoskinson. He said that it is one of the few projects resisting influence from large financial institutions like BlackRock and Wall Street. The goal is long-term growth and not short-term market manipulation or financial handouts.
Read also : Charles Hoskinson: Cardano’s Tech Makes it the Top Blockchain
At press time, Cardano’s price was $0.3356, down 1.59% from yesterday. Its market capitalization was $11.73 billion, with a 24-hour trading volume of $222.06 million, up 4.45%.
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