Charles Hoskinson, co-founder of blockchain Cardano (ADA), recently highlighted the challenges faced in the network, highlighting the preparation in the ecosystem for the next major updates.
His co-founder's defense of blockchain comes amid recent criticism from members of the cryptocurrency community. “Seeing all the dunks on Cardano makes me smile a little. We are holding all the cards as an ecosystem. We have the best path to scalability, governance and innovation. We also have the best community,” he said.
Cardano is close to launching new features on the network, with emphasis on the Chang hard fork. This update is expected to be one of the most important since the implementation of the Vasil hard fork in 2022.
“Chang will arrive soon, as measured by progress on SanchoNet. Ouroboros Leios is the biggest step forward in resolving the trilemma of blockchain of all time. Our research labs are increasing, we are now at 209 articles with much faster research translation. I wouldn’t bet against an ecosystem with the ability to engage and unlock millions of people, have a networked sovereign wealth fund and have never failed in more than 2.300 days of 24/7 activity,” highlighted Hoskinson.
The Cardano co-founder added by pointing out a problem in the cryptocurrency sector. “The problem with our industry is that we allow short-term narratives and carnival robbers to dominate the conversation. AI has the same problem. A few months ago Open AI dominated everything, then Clause 3, now we have Grok 1.5 and soon Llama 3. The winners have foundations built to last generations and a community that respects and maintains those foundations. There is no substitute for this reality.”
Seeing all the dunking on Cardano makes me smile a bit. We are holding all the cards as an ecosystem. We have the best path for scalability, governance, and innovation. We also have the best community.
Chang is coming soon as measured by progress on SanchoNet. Ouroboros Leios is… pic.twitter.com/11RTXaDrZU
— Charles Hoskinson (@IOHK_Charles) April 7, 2024
At the time of publication, the cardano price it was quoted at US$0,6088 with an increase of 2.5% in the last 24 hours.
