Charles Hoskinson explained how the upcoming development in the Cardano blockchain is going to bring a next-level change in the growth & adoption of Cardano blockchain.
Cardano is a popular Proof-of-Stake (PoS) crypto network that is mainly known for its fundamentals, which are more similar to the Bitcoin blockchain network. This crypto network was founded by Charles Hoskinson in 2017. Hoskinson left the Ethereum crypto project in 2013 & continuously worked to develop Cardano for four years.
On 16 Dec 2024, Charles Hoskinson took to X (formerly Twitter) to share his thoughts on Cardano’s upcoming governance-related upgrade (Chang Hardfork).
Hoskinson said that the roadmap of Cardano went through different challenges where we saw complex upgrades, but the whole effort was focused on reaching in the 2025 phase to make the Cardano blockchain network fully decentralised.
According to Hoskinson, Cardano’s new governance system will allow all Cardano’s native Cryptocurrency $ADA holders to own the network, which means $ADA holders will be able to make any kind of decision regarding the Cardano network.
For this phase, Hoskinson dragged attention toward the last two milestones: the budget and the community-ratified constitution.
Cardano’s founder added that once these two milestones are approved by the Cardano community, then “Cardano can not be stopped and will grow to take over the world.
Following this tweet, Hoskinson got huge respect & support from the Cardano community. Many people praised Hoskinson for always following only those paths that were crystal clear to the Cardano crypto community.
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