Charles Hoskinson, Cardano founder and CEO of Input Output Global (IOG), recently discussed Cardano’s strategic vision and governance structure heading into 2025. Here’s a summary of the key points he made:
### Cardano’s Decentralization Goals
- **Transition to Decentralization**: Hoskinson emphasized the importance of Cardano transitioning to a fully decentralized governance model. He noted that there is debate within the community about whether decentralization should be immediate or gradual.
- **New Governance Model**: Hoskinson’s vision includes the creation of member-based institutions and the integration of on-chain governance to ensure that key roles on the network are elected and abide by algorithmic laws and constitutions.
### Reflections and Achievements
- **Acknowledgement of Early Mistakes**: Hoskinson acknowledged that there were mistakes in Cardano’s early governance practices, stemming from a lack of experience in managing a large decentralized network.
- **Celebrated Milestones**: Despite the challenges, he celebrated Cardano’s strong technical foundation, supported by the research and development contributions of a large team of scientists and engineers.
### Roadmap to 2025
- **Solving Governance Challenges**: Cardano is focused on solving governance challenges and improving the protocol to support sustainable and decentralized operations.
- **Global Consensus**: The recently held constitutional convention successfully ratified the draft constitution with 95% of delegates in favor, demonstrating broad international consensus.
### Cardano Price Update
Currently, the price of Cardano (ADA) is $1,102 with a decrease of -1.87% in the last 24 hours. However, ADA has shown significant growth of 93.35% in a month and 85.86% this year.
