Bitrabo Editorial
In a staunch response to widespread media speculation questioning the sustainability of Cardano, Charles Hoskinson, the founder, has detailed upcoming developments and initiatives to showcase the cryptocurrency’s strength and bright future.
Founder Challenges Crypto Media
Addressing the issue through a statement on X, Hoskinson expressed his frustration with the prevailing negative narrative surrounding ADA in the crypto media landscape. He highlighted the significant upcoming developments for Cardano, notably the Chang Hard Fork, which he believes will be a transformative event for the project, ushering in full community control and decentralization.
The hard fork will eliminate all seven genesis keys, marking a historic step towards complete decentralization. Noteworthy advancements include the integration of delegated representatives (DReps), enhancing decentralized decision-making within the ecosystem in line with CIP-1694 guidelines.
Besides the hard fork, Hoskinson mentioned other initiatives expected to drive growth within the ecosystem, such as the development of Hydra, a layer-two solution to boost transaction speeds and reduce costs. Additionally, partnerships with chains like Midnight and Prism underscore Cardano’s collaboration efforts.
Active community involvement is evident through the increasing DApps, blockchain scalability research, and upcoming events like Rare Evo, the Cardano Foundation Summit, and participation in TOKEN2049. The Project Catalyst initiative continues to support community-led projects with practical applications, while preparations are underway for a significant constitutional convention in Buenos Aires to finalize Cardano’s Constitution.
In a bold statement, Hoskinson affirmed Cardano’s resilience and potential impact on real-world challenges, dismissing criticisms and urging the industry to acknowledge the progress being made. ADA is currently trading at $0.459.