Charles Hoskinson Blasts Media’s Negative Portrayal of Cardano’s Prospects

Cardano founder, Charles Hoskinson, denied claims that the network suffers from weak fundamentals.

He criticized the media for its continued negative portrayal of the ecosystem, emphasizing the stark contrast between the reality of Cardano's progress and the media's portrayal.

Cardano founder refutes gloomy media forecasts

In a sharp rebuke this week, Hoskinson accused the media of incorrectly predicting the collapse of the blockchain network and asserted that the ecosystem is here to stay.

Hoskinson highlighted the significant developments Cardano has made over the years and outlined the future big fork, which he described as the most significant in the project's history.

He pointed to the rapid growth of community decentralized applications, Cardano's role in expanding R&D, and the importance of upcoming events like Rare Evo, Foundation Summit, and Token 2049.

He also pointed to the maturation of technologies like Hydra, the development of partner chains, initiatives like Midnight and Prism, and several community events, including Catalyst and Argentina's Constitutional Convention.

Despite these positive developments, Hoskinson expressed his dissatisfaction with the negative headlines in the media, exemplified by speculation about the possible collapse of Cardano. While Hoskinson condemned these accounts as “unflattering,” he continued to criticize the low quality and effort involved in covering the Cardano ecosystem.

In his latest work tweetIOG's CEO expressed his frustration by saying,

“Never in my career have I seen such a deep disconnect between fact and opinion between crypto influencers and the media’s perception of Cardano versus its actual fundamentals.”

He reaffirmed his belief in Cardano's flexibility and ability to move the cryptocurrency industry forward, and address important economic, political and social issues.

Cardano Chang hard fork

The Cardano ecosystem is preparing for the future Chang's hard forkWhich is scheduled to be held in the second quarter of this year. This upgrade represents a new era of Cardano blockchain governance.

The fork will offer two important upgrades: Chang Upgrade One and Chang Upgrade Two. The first upgrade will deploy governance features on the Cardano network, and initiate the technical bootstrapping phase described in SIP 1694, paving the way for decentralized voting and governance procedures, etc.

Accordingly, Chang's upgrade number two will move SIP 1694 out of the technical bootstrap phase, unlocking the full potential of on-chain governance, including delegated staking and treasury withdrawals. This will enable the Cardano community to propose and fund new projects, ensuring the sustainability and continuous development of the ecosystem.