Cardano (ADA) co-creator Charles Hoskinson is dispelling rumors that the Ethereum (ETH) competitor is a dying blockchain.
In a new thread on the social media platform X, the Input Output Hong Kong (IOHK) CEO says that the negative sentiment surrounding Cardano has to do with its governance protocol not scaling to meet its needs, an issue solved by the most recent Voltaire update.
[adinserter block="1"]“There have been years of pent-up grievances, unexplored road map items, unfunded growth strategies, and needed partnerships that haven’t been addressed due to Cardano’s governance not scaling to meet the needs of the ecosystem.
Now that Voltaire is here, the new governance is capable of listening and adapting to meet these needs and also executing a new roadmap to grow the ecosystem dramatically. I have my own very long list of grievances that couldn’t get addressed before.”
The Voltaire upgrade, which launched in September, transitions Cardano into a fully decentralized protocol and introduces a voting and treasury system to the blockchain.
According to Hoskinson, Cardano isn’t a dying blockchain – it’s one that is thriving due to its superior transparency and security.
“The difference between Cardano and the rest of the cryptocurrency space is that we all do this together and out in the open. It’s why we are loathed by a lot of others. Their backroom deals and dirty tricks can’t be hidden because there is no one to ask to do it under the table.
To talk to Cardano, you have to talk to an onchain government in more than 100 countries that never sleeps and is very passionate about integrity with a long time horizon for growth and progress.
Short-term thinking, market manipulation, and companies seeking a handout have no role or place here. That’s the difference that makes a difference. Cardano isn’t dying. It’s thriving and growing.”
ADA is trading for $0.337 at time of writing, a 2.15% decrease during the last 24 hours.
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