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Hoskinson outlines Cardano’s Voltaire era amid criticism

Hoskinson outlines Cardano’s Voltaire era amid criticism

GrafaGrafa2024/10/11 03:25
By:Isaac Francis

Charles Hoskinson, the founder of Cardano (CRYPTO:ADA), addressed recent criticism regarding the blockchain’s future, emphasising its transition into the Voltaire era. 

This new phase focuses on community-driven governance and innovation, aiming to strengthen Cardano’s ecosystem and address long-standing issues. 

Hoskinson explained that the Voltaire era is a strategic shift designed to establish decentralised governance mechanisms. 

He stressed that this transition is not a sign of failure, but rather a step toward ensuring Cardano’s growth and adaptability. 

He noted that some negative perceptions arise from misunderstandings about the changes necessary for the network's development. 

"With Voltaire arriving, new governance will be capable of listening and adapting to meet these needs, paving a roadmap that will dramatically grow the ecosystem," Hoskinson stated. 

One of the key innovations introduced during this phase is the Midnight network, which focuses on privacy and secure smart contracts. 

Hoskinson highlighted this development as a testament to Cardano’s commitment to security and technological advancement, positioning the network as a leader in the blockchain space. 

Despite Hoskinson’s optimism, market analysts remain cautious about Cardano’s native token ADA. 

Some analysts, including Max Keiser, have expressed concerns over the token’s price stability, suggesting that ADA may face a significant decline. 

However, Hoskinson dismissed these concerns, asserting that Cardano’s capacity for sustainable growth and continuous innovation will drive its long-term success. 

"Cardano is not dead. It is reviving and growing," he added. 

At the time of writing, the Cardano price was $0.3396.

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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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