๐๐๐ #charleshoskinson points to 2 major upgrades amid #cardano โdunkingโ
Once again, Cardano founder Charles Hoskinson is addressing FUD (Fear, Uncertainty, Doubt) amid recent skepticism triggered by a #bitboy video suggesting ADA's demise. Despite the negativity, Hoskinson remains focused on two significant upgrades slated for the Cardano network, at least one of which is scheduled for implementation this year.
In response to the criticism, Hoskinson emphasized Cardano's strengths, asserting that the ecosystem holds the key to scalability, governance, and innovation. He also praised the supportive Cardano community, countering the negative sentiment surrounding the blockchain.
Hoskinson's optimism is primarily fueled by the upcoming Chang hard fork, anticipated to be one of the network's most substantial upgrades since the 2022 Vasil upgrade. Expected in the second quarter of this year, Chang marks the first hard fork of the Voltaire era, introducing community-run governance. This shift empowers ADA holders to participate in on-chain voting for proposals, aiming to achieve full decentralization.
Highlighting the significance of the upcoming developments, Hoskinson mentioned the introduction of Delegate Representatives (DReps), a Cardano Constitution Convention event, and a community vote to ratify the Cardano Constitution.
Furthermore, Hoskinson lauded Ouroboros Leios as a significant advancement in solving the blockchain trilemma.
This new iteration of the proof-of-stake consensus model aims to enhance throughput, scalability, and transaction speed while preserving decentralization.
Responding to recent comparisons to other blockchain projects, Hoskinson acknowledged the industry's penchant for short-term narratives. He stressed the importance of focusing on long-term goals rather than succumbing to temporary fluctuations in market sentiment.
Source - cointelegraph.com
