Charles Hoskinson confirms his final duty is ensuring Cardano's smooth transition to community-driven governance post-Chang hard fork.
The Voltaire Age depends on 2025 approvals for the budget and constitution to establish fully decentralized governance.
ADA price volatility persists, but analysts predict potential recovery to its all-time high with adoption-focused initiatives in place.
Charles Hoskinson, founder of Cardano, has detailed his concluding role in the blockchain's transition to community governance. Speaking on X, Hoskinson addressed what he described as emotional pressure from certain community members during discussions. He emphasized his decade-long dedication to Cardano's roadmap and his avoidance of self-enrichment at the expense of the ecosystem.
Hoskinson declared that Cardano is now under the stewardship of its community following the launch of the Chang hard fork upgrade. He noted that his primary focus is ensuring the seamless removal of any obstacles to this transition. According to him, this mission is non-negotiable, regardless of personal or professional consequences.
A critical part of the network’s next phase, the Voltaire Age, involves the approval of a budget and a constitution. These elements are vital for achieving decentralized governance. Hoskinson confirmed that these approvals are scheduled for 2025. He committed to overseeing their implementation, ensuring the community can independently determine Cardano's future.
Hoskinson’s remarks also addressed past criticisms, including allegations from a whistleblower accusing the Cardano Foundation of delaying governance approvals. He reiterated his commitment to advancing these critical steps without disruption. His statements urged adherence to factual debates, avoiding personal attacks in professional discussions about the ecosystem's direction.
Cardano’s shift to decentralized governance could influence its native token, ADA. At the time of reporting, ADA was priced at $0.8483, recalling a 2.78% decrease in 24 hours. Despite market volatility, some analysts predict a likely rebound toward its ATH of $3.099 in 2025. The community’s roadmap, which prioritizes adoption, is considered a strong foundation for growth.
Hoskinson’s latest comments underscore his dedication to ensuring Cardano’s decentralized governance. The ecosystem’s evolution is expected to move significant decision-making power to its community, aligning with the principles of blockchain technology.
