Charles Hoskinson, Cardano’s founder, believes Cardano is poised to become a leader in the blockchain world. He’s on a mission to make Cardano truly accessible and governed by its users and ADA token holders.
A More Inclusive Blockchain Governance
Blockchain governance is a big deal, and Hoskinson is passionate about making Cardano’s system more inclusive. He’s committed to ensuring everyone who uses and owns Cardano (ADA) has a say in how it’s run. He sees this as a messy but necessary process. According to Hoskinson, only two things stand between Cardano and leading the way in blockchain governance: a community-approved constitution and a ratified budget system.
The Chang Hard Fork and Decentralization
A major step towards this goal was the September 1st launch of Cardano’s Chang Hard Fork, a two-part upgrade. The first part, released earlier this year, improved network performance and gave voting power to a temporary Constitutional Committee. Other upgrades, like Plutus v3, enhanced smart contract capabilities. Once the constitution is ratified, this committee will be dissolved, placing governance directly in the hands of ADA holders. Hoskinson predicts full decentralization by 2025, leading to Cardano’s dominance in the blockchain space.
ADA’s Price: Volatility Amidst Positive Sentiment
While Hoskinson is bullish on Cardano’s future, the price of ADA has been somewhat volatile. At the time of writing, ADA is trading around $1.10. Despite recent price fluctuations, investor sentiment remains positive, with ADA scoring well on the Fear & Greed Index and showing strong performance over the past month. Analysts predict continued price volatility within a certain range.
