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Charles Hoskinson Defends Cardano’s Progress Against Media Claims
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Charles Hoskinson rejects media claims about ADA's decline.
Upcoming Chang Hard Fork will fully decentralize Cardano.
Hydra and other initiatives foster growth and innovation.
Cardano’s founder Charles Hoskinson strongly rejected recent media claims about the cryptocurrency ADA‘s decline, asserting that the network continues to make promising developments.
Hoskinson’s frustration was evident as he addressed what he sees as a significant disconnect between media perception and Cardano’s actual progress and fundamentals.
He highlighted several key developments underscoring Cardano’s strength and bright future.
Hoskinson took to the social media platform X to express his dissatisfaction with the current narrative surrounding ADA.
“Throughout my career, I have never seen such a deep disconnect between the reality and perception of Cardano’s true fundamentals against cryptocurrency influencers and media,” he said.
The upcoming Chang Hard Fork forms one of the cornerstones of significant developments for ADA.
This hard fork will burn all seven genesis keys, fully transferring protocol control to the Cardano community and marking a historic step towards full decentralization.
The upgrade, as outlined in CIP-1694, will not only enhance on-chain governance but also introduce delegated representatives (DReps) to further decentralize decision-making processes.
Beyond the hard fork, Hoskinson highlighted a series of initiatives designed to foster growth and innovation within the Cardano ecosystem.
Among these is Hydra, a Layer-2 scalability solution poised to increase transaction speeds and reduce costs. This technology is now reaching maturity.
Additionally, Cardano is expanding through sidechains like Midnight and Prism, exemplifying the network’s collaborative and innovative potential.
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