Charles Hoskinson, founder of Cardano (ADA), addressed the growing negative sentiment surrounding his project on social media.
He explained that this change in perception is not indicative of Cardano's failure, but rather the ongoing changes to the governance system, Voltaire.
Hoskinson acknowledged the recent downturn in sentiment on Twitter, which he said reflects the perceived effects of Voltaire. He said the governance system failed to adapt to the ecosystem's needs, leading to years of unresolved issues such as unfinished roadmap items and unfunded growth strategies. However, he is optimistic that with the introduction of Voltaire, the new governance system will address these issues and support substantial growth.
n ĂnHoskinson expressed his frustration, stating that he is aware of the requirements for #Cardano Native Asset (CNA) projects such as Midnight, especially in terms of custody and liquidity. He emphasized the importance of true governance that prioritizes #ADA users and said he is confident that the ecosystem now has a robust governance model to facilitate new initiatives.
Hoskinson also noted Cardano's commitment to transparency, contrasting it with other crypto projects that operate in a closed mode. He believes that because of this openness, Cardano has become the target of criticism from competing projects.
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