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Cardano community divided over founder Hoskinson’s role

Cardano community divided over founder Hoskinson’s role

Grafa2024/11/04 17:37
By: Mahathir Bayena
XOLDTOKEN0.00%ADA+1.58%

Cardano (CRYPTO:ADA) recently released Node 10.11, a significant update supporting the Chang #2 hard fork, marking a pivotal step in the blockchain’s transition to full on-chain governance.

On November 1, Cardano-led organisation Intersect MBO launched Node 10.11 on the mainnet, enabling a more decentralised governance structure and providing ADA holders with increased control over network decisions.

The Chang #2 update introduces governance features that allow Stake Pool Operators (SPOs) to delegate their votes and gives Delegated Representatives (DReps) an auto-abstain function.

Alongside improvements to Cardano’s ledger, CLI, API, and networking code, the update is a step toward creating a fully decentralised governance framework.

Intersect describes Chang #2 as the completion of Cardano’s evolution from an initial bootstrap model to an entirely on-chain governance system.

Under this new framework, ADA holders are required to delegate to a DRep to withdraw staking rewards, though rewards continue to accrue regardless of delegation status.

This requirement aims to encourage more active participation in governance as the network aligns closer with its decentralised vision.

“Following a successful Chang #2 hard fork, decisions on the Cardano blockchain will be shaped and voted on via fully decentralised governance, as detailed in CIP-1694,” Intersect noted.

As Cardano advances toward decentralisation, a debate has emerged within the community regarding founder Charles Hoskinson’s role.

In response to recent criticism, Hoskinson initiated a poll on X (formerly Twitter), asking, “Is Charles Hoskinson a cancer for Cardano?”

The poll has sparked varied reactions, with the “no” responses narrowly leading at 51% over 49% in favor of Hoskinson.

Supporters of Cardano have defended Hoskinson, suggesting the poll may be influenced by bots or external factors.

At the time of reporting, the Cardano (ADA) price was $0.3343.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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