Charles Hoskinson: Cardano is going to "dominate" the blockchain world
Charles Hoskinson, the boss of Cardano, is determined to change the governance of blockchain.
He recently wrote an article saying that Cardano is about to usher in the decentralization he wants. Charles said that the project is just a few steps away - the budget system must be passed, and the community must agree, and he thinks these things are a natural outcome.
"It's a bit messy and difficult," he said when talking about governance, "but this is the only way to get everyone involved." For Charles, this is not just a job, it's his lifelong event.
Cardano's path is getting wider and wider, and full decentralization in 2025 is the goal. What we have to fight for is not just the blockchain.
Cardano's long hard fork big turning point
The long hard fork on September 1 was an important moment for Cardano. This major upgrade brings the blockchain one step closer to its ultimate goal - a fully decentralized governance system.
There are many new things, including the Constitutional Committee, the Chain Improvement Voting, and Plutus v3, which has even better smart contract functions.
The Constitutional Committee is just a temporary steward, watching governance decisions, especially during the transition period. Once the community's new constitution is passed, it will be disbanded.
After that, the power of governance will belong to ADA holders. Charles said that this is the first step towards the Voltaire stage and the last stop on the Cardano development road. The Voltaire stage is when the blockchain makes money on its own and ADA holders have the final say.
Charles said that these upgrades are not for short-term speculation, but for the long-term development of Cardano.
The long hard fork also brought DReps, and ADA holders can choose representatives to vote, so that more people participate and the efficiency is not low.
The ADA market is a bit turbulent
Although the Cardano governance upgrade is very popular, the ADA market performance is a bit lagging behind. At the time of writing, ADA is less than one dollar and has fallen by 3.26%.
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