Cardano’s journey from Byron to Voltaire has seen significant achievements in scalability, interoperability, and governance. However, founder Charles Hoskinson wants to shift the focus away from asset prices and market speculation, highlighting the project’s transformative global impacts instead. In a recent YouTube video, Hoskinson emphasized that Cardano is not just his project, but a venture aimed at making a positive change worldwide. Despite nearing major milestones, the project continues to face paradoxical scrutiny.
Hoskinson discussed the phases of Cardano’s development and the scrutiny it faces, stating that Cardano should not be seen as solely his project. He believes that it is not about token prices, but about making the world a better place for everyone. Despite nearing its goals, Cardano still faces criticism, particularly in managing public perception within the crypto sector.
Cardano has made significant progress through its phases, with Byron focusing on launching the network and Shelley transitioning it from static and federated to dynamic and decentralized. Hoskinson explained that Byron was all about launching a cryptocurrency network, while Shelley aimed to make it dynamic and decentralized.
Hoskinson also announced significant advancements in governance and scalability. He revealed the upcoming launch of the industry’s largest on-chain government and the availability of node 9.0, which moves Cardano closer to its vision of a decentralized future. These developments showcase Cardano’s commitment to creating a robust and scalable governance system.
Looking ahead, Hoskinson emphasized the importance of broader adoption and real-world applications in the crypto space. He highlighted Cardano’s strong community, extensive research, and skilled engineers as key drivers for impactful changes. Cardano aims to play a pivotal role in the global crypto landscape, focusing on real-world applications and broader adoption. Hoskinson stated, “We are here to change the world and take you along for the ride.”
Despite a recent incident involving Cardano’s meme coin RIO, which experienced a dramatic 96% drop after Hoskinson revealed his pet parrot’s name as Daisy instead of Rio, Cardano (ADA) has shown resilience in the market. ADA is currently trading at $0.4063, reflecting a 1% increase in the last 24 hours and a 4.21% increase over the past week. This performance demonstrates the market’s recognition of Cardano’s potential and its progress towards achieving its broader mission.
Hoskinson’s remarks on the Cardano ecosystem were in response to speculation surrounding the upcoming Chang hard fork. He clarified that the hard fork was never scheduled for June and explained that a fork-ready node is available. The next step requires 70% of stake pool operators to test and update their systems, which typically takes about a month.