Cardano Is Here To Stay ADA Creator Shuts Down Haters With Upcoming Ultra-Bullish Developments
Will Cardano die? Cardano founder Charles Hoskinson has hosed down speculation regarding his pet projects viability in a fiery rebuttal on the X platform. Hoskinson also shared a thorough rundown of the networks forthcoming advancements which he believes demonstrate Cardanos robust health and bright future.
Hoskinson Lauds Cardanos Growth
Charles Hoskinson went on the defensive in a lengthy June 6 post on X (aka Twitter), lashing out at what he calls a stark disconnect between public perception of Cardano and the networks actual fundamentals.
Hoskinson vented about headlines that question the blockchains viability, such as Will Cardano die?. He dubbed such media coverage beyond pathetic, asserting that it reflects the low quality and low effort put into understanding the ecosystem.
Hoskinson highlighted that Cardano is on the verge of major network developments, including the Chang hard fork, which he described as the most significant hard fork in the history of the project.
As covered previously by ZyCrypto, the upcoming Chang is the first hard fork of the Voltaire era of Cardanos roadmap, which will bring about community-run governance to the blockchain by allowing on-chain community consensus and letting Cardanos ADA holders use their tokens to vote on proposals.
This update will also entail burning all seven Genesis keys, therefore marking a landmark step toward greater and more transparent community participation. Chang will also introduce Delegate Representatives (DReps), further decentralizing decision-making processes within the Cardano network.
After this, the Cardano Constitution Convention will take place in Argentina. Governance representatives from workshops worldwide will meet to formulate the initial version of the Constitution, setting guidelines for community governance.
Hoskinson To Critics: Cardano Is Here To Stay
Besides the hard fork, Hoskinson also cited a slew of other developments set to boost growth and innovation within the Cardano ecosystem. These include the rollout of Cardano-based Hydra, a layer-two scalability solution designed to enhance the transaction processing capacity and lower transaction costs on the Cardano blockchain. The crypto entrepreneur further highlighted that Cardano boasts multiple partner chains with Midnight and Prism.
Hoskinson concluded with a powerful message to skeptics: Cardano is here to stay, and its a juggernaut that will drag this industry kicking and screaming if it has to towards solving the real-world economic, political, and social issues. This statement quashes claims about Cardanos imminent demise and challenges crypto community members to recognize the ongoing tremendous advancements.
ADA changed hands at $0.48 at press time, reflecting a 4.41% increase in the past 24 hours.
Text source: ZyCrypto
