For Charles Hoskinson, Cardano is ready to transform blockchain and lead the decentralization revolution. In a recent post on Twitter/X, Hoskinson shared his campaign to make Cardano more accessible to its users and token holders. He says governance should include everyone, and Cardano is on the right track to lead change.
According to Huskinson, Cardano It only needs one more milestone: a community-ratified constitution and an approved budget system, before it can lead and redefine blockchain governance.
Blockchain governance should include everyone
Governance in blockchain is a hot issue in the cryptocurrency sector. For Hoskinson, the path to inclusion and participation in blockchain could be smoother and easier. The Cardano founder admits to taking the campaign personally and added that he will never apologize for his passion for improving governance.
Welcome to governance for everyone. It’s messy and hard, but it’s the only way to include everyone. Over the past decade, I have tried to do everything I can to ensure that Cardano is managed by the millions who use it and own Ada.
We are at a very critical juncture where…
– Charles Hoskinson (IOHK_Charles) December 16, 2024
Hoskinson admitted that Cardano’s roadmap was difficult, but with recent developments, he predicted that the blockchain could achieve full decentralization in 2025. When that happens, according to Hoskinson, it will dominate the blockchain.
Cardano co-founder Charles Hoskinson. Image: Harvard International Review
Cardano gets a big upgrade with Chang Hard Fork
Last September 1st, Cardano was introduced Chang Hard Forka two-part system upgrade aimed at enhancing functionality and decentralized governance. The first part of the upgrade was launched early this year, increasing network performance by burning configuration keys and allocating voting power to the Constitutional Committee. The latest new improvements to the network, such as Plutus v3, have also enhanced the innovative node features of the blockchain.
The Constitutional Committee now has voting powers and is only a temporary addition to the system. Once the constitution is ratified, the committee will be abolished. From now on, the management of the Cardano blockchain is in the hands of ADA token holders. The launch of this new upgrade marks an important milestone, allowing it to move closer to the ultimate goal of complete decentralization.
The price of ADA remains volatile
While Hoskinson remains passionate about Cardano’s future, the price performance of its native token has been disappointing. As of this writing, ADA is trading at $1.10, up just 2.7% from the previous day’s close.
Although the token price performance has slowed, investor sentiment towards the blockchain and its token remains high. For example, the ADA received a score of 74 on the Fear and Greed Index. Over the past 30 days, the price of ADA was by more than 50%, Reflecting its stability while other assets are struggling.
Market commentators suggest that ADA will continue its erratic price movements, with prices moving anywhere between $0.934 and $1.10.
Featured image from Forbes, chart from TradingView
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