Cardano Founder Discusses ADA’s Future And Exciting Updates


In
a
forceful
rebuttal
to
widespread
media
speculation
about
the
viability
of
Cardano,
founder
Charles
Hoskinson
has
provided
a
detailed
rundown
of
forthcoming
developments
and
initiatives
which
he
believes
underscore
the
cryptocurrency’s
robust
health
and
its
promising
future.

Cardano
Founder
Slams
Crypto
Media

In
a

statement
via
X,
Hoskinson
expressed
his
frustration
with
the
current
narrative
surrounding
ADA
in
the
crypto
media
landscape.
“Never
in
my
career
have
I
seen
such
a
profound
disconnect
between
reality
and
opinion
with
the
cryptocurrency
influencer
and
media
perception
of
Cardano
versus
its
actual
fundamentals,”
he
stated.

How To Get Free Crypto  

He
emphasized
that
Cardano
is
on
the
brink
of
significant
developments,
including
what
he
describes
as
the
“most
significant
hard
fork
in
the
history
of
the
project.”
The
forthcoming

Chang
Hard
Fork
represents
a
pivotal
evolution
for
Cardano,
transitioning
control
of
the
protocol
fully
to
the
community.

This
move
will
burn
all
seven
genesis
keys,
thereby
marking
a
historic
leap
toward
complete
decentralization.
The
upgrade,
anticipated
to
significantly
advance
on-chain
governance
as
outlined
in
CIP-1694,
will
also
see
the
introduction
of
delegated
representatives
(DReps),
further
decentralizing
decision-making
processes
within
the
ecosystem.

Beyond
the
hard
fork,
Hoskinson
highlighted
several
other
initiatives
poised
to
catalyze
growth
and
innovation
within
the
ecosystem.
These
include
the
introduction
of
new
technologies
such
as

Hydra,
a
layer-two
scalability
solution
designed
to
enhance
transaction
speeds
and
reduce
costs,
which
is
currently
in
the
maturation
phase.
Moreover,
Hoskinson
highlighted
that
Cardano
can
boast
several
partner
chains
with

Coinbase Banner  

Midnight
and

Prism.

Cardano’s
active
community
participation
is
evident
in
the
rapidly
growing
number
of
DApps,
significant
research
and
development
in
blockchain
scalability,
and
the
organization
of
major
events
such
as
the
Rare
Evo
blockchain
convention
(August
15-17)
,
the
Cardano
Foundation
Summit
in
Dubai
(October
23-24),
and
participation
in
TOKEN2049
in
Singapore
(September
18-19).

Moreover,
the
Project
Catalyst
initiative
continues
to
be
a
driving
force
for
community-led
innovation,
providing
funding
and
support
to
projects
that
promise
real-world
applications
and
solutions.
Looking
forward,
the
Cardano
ecosystem
is
also
preparing
for
a
significant
constitutional
convention
in
Buenos
Aires,
where
delegates
will
ratify
a
final
version
of
Cardano’s
Constitution,
further
establishing
the
framework
for
decentralized
governance.

“We
are
on
the
verge
of
the
most
significant
hard
fork
in
the
history
of
the
project,
tons
of
community
DApps
are
growing
rapidly,
we
are
leading
the
industry
in
scaling
R&D,
rare
evo
is
going
to
be
a
huge
event,
the
Foundation
summit
huge,
we’ll
be
at
Token
2049,
technologies
like
Hydra
are
maturing,
we
have
partnerchains,
Midnight,
Prism,
tons
of
community
events,
catalyst,
and
then
the
constitutional
convention
in
Argentina,”
Hoskinson
stated.

The
ADA
founder
concluded
with
a
strong
message
to
detractors,
asserting,
“Cardano
is
here
to
stay,
and
it’s
a
juggernaut
that
will
drag
this
industry
kicking
and
screaming
if
it
has
to
towards
solving
the
real-world
economic,
political,
and
social
issues
we
all
is
beyond
pathetic
and
just
reflects
on
the
low
quality
and
low
effort
they
put
into
our
ecosystem.”
This
statement
not
only
refutes
claims
about
Cardano’s
demise
but
also
challenges
the
cryptocurrency
community
to
recognize
and
engage
with
the
substantive
advances
being
made.

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press
time,
ADA
traded
at
$0.459.

ADA
price
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|
Source:

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Featured
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Author: Jake Simmons


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