Cardano (ADA) co-creator Charles Hoskinson is dispelling rumors that the Ethereum (ETH) competitor is a dying blockchain.
In a brand new thread on the social media platform X, the Enter Output Hong Kong (IOHK) CEO says that the detrimental sentiment surrounding Cardano has to do with its governance protocol not scaling to satisfy its wants, a difficulty solved by the newest Voltaire replace.
“There have been years of pent-up grievances, unexplored highway map gadgets, unfunded development methods, and wanted partnerships that haven’t been addressed resulting from Cardano’s governance not scaling to satisfy the wants of the ecosystem.
Now that Voltaire is right here, the brand new governance is able to listening and adapting to satisfy these wants and in addition executing a brand new roadmap to develop the ecosystem dramatically. I’ve my very own very lengthy checklist of grievances that couldn’t get addressed earlier than.”
The Voltaire improve, which launched in September, transitions Cardano into a completely decentralized protocol and introduces a voting and treasury system to the blockchain.
In line with Hoskinson, Cardano isn’t a dying blockchain – it’s one that’s thriving resulting from its superior transparency and safety.
“The distinction between Cardano and the remainder of the cryptocurrency house is that all of us do that collectively and out within the open. It’s why we’re loathed by a number of others. Their backroom offers and soiled tips can’t be hidden as a result of there is no such thing as a one to ask to do it below the desk.
To speak to Cardano, it’s a must to discuss to an onchain authorities in additional than 100 international locations that by no means sleeps and may be very enthusiastic about integrity with a very long time horizon for development and progress.
Brief-term considering, market manipulation, and firms looking for a handout haven’t any function or place right here. That’s the distinction that makes a distinction. Cardano isn’t dying. It’s thriving and rising.”
ADA is buying and selling for $0.337 at time of writing, a 2.15% lower over the past 24 hours.
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