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Tuesday, November 5, 2024

This Statement by Cardano Founder Created a Debate: Here is the Community’s Reaction!

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Cardano founder Charles Hoskinson praised Cardano in a tweet on Friday, arguing that the chain is still the best in the industry. Additionally, he noted that the Cardano ecosystem is leading the way, although the chain is far from fully implementing its fully decentralized governance and other upgrades in its “incredible roadmap.”

Completely Decentralized Cardano Network

The Cardano network entered the Voltaire era with the Chang update on September 1. This new era formed the basic building blocks of the decentralized governance model. In particular, a preliminary process has been launched, involving elements such as decentralized representatives (Dreps), constitutional committee (CC) and share pool operators (SPOs). The network has since taken important steps in transitioning to a fully decentralized governance system.

On October 1, Cardano made an important announcement and announced that the Midnight testnet was activated on the blockchain. While the Midnight sidechain offers programmable data protection, Charles Hoskinson previously stated that this system combines the flexible programmability of Ethereum with the privacy features of Zcash. Hoskinson emphasized that this is one of the important milestones in Cardano’s long-term roadmap.

Community Reacted

Charles Hoskinson’s Cardano and Ethereum His claims about him again sparked intense debate in the crypto community. Hoskinson was at the center of a controversy involving himself and Ethereum co-founder Vitalik Buterin by a crypto maxi earlier in the week. This discussion attracted a lot of attention on the X platform.

Cardano defenders defended Hoskinson this time. One user expressed that he had no doubts, stating that Cardano’s vision was clear from the beginning. But other members of the community questioned these claims. Some users argued that Cardano’s development was not reflected in its price and questioned why ADA’s value did not follow these advances. One user even pointed out the poor performance of the coin by asking whether ADA could reach the $1 level again.

Analyst Atlas also participated in these discussions and said that ADA will never grow again. altcoinHe counted among ‘s. At press time, ADA is trading at $0.3525, up less than 1% in the last 24 hours.

Source : The Crypto Basic

Writer Adle Dursun about :

I am a Sociology graduate from Muğla Sıtkı Koçman University. I actively research and prepare content on crypto money and blockchain.


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