For Charles Hoskinson, Cardano is credited with revolutionizing the blockchain and leading the distributed revolution. In a recent Twitter / X post, Hoskinson shared his campaign to make Cardano accessible to its users and token holders. He says governance must include everyone, and Cardano is in a position to lead change.
According to Hoskinson, Cardano only needs to disrupt two other important steps: the constitution approved by the public and the approval of the budget system, before it can lead and redefine blockchain governance.
Blockchain Governance Should Be Inclusive
Blockchain governance is a hot issue in the crypto sector. For Hoskinson, the road to inclusion and participation in the blockchain could be smooth and easy. The founder of Cardano admits that he took the initiative on himself and adds that he will never apologize for his passion for improving governance.
Welcome to ruling everyone, it’s messy and hard, but it’s the only way to include everyone. Over the past ten years, I have tried to do my best to ensure that Cardano is run by millions of users and owned by ada.
We are in a very critical situation where…
— Charles Hoskinson (@IOHK_Charles) December 16, 2024
Hoskinson admitted that Cardano’s road has been challenging, but with recent developments, he predicts that the blockchain can achieve complete decentralization by 2025. If it does, according to Hoskinson, it will dominate blockchains.
Cardano co-founder Charles Hoskinson. Image: Harvard International Review
Cardano Gets Big Improvement With Chang Hard Fork
Last September 1, Cardano launched the Chang Hard Fork, a two-part system development aimed at increasing performance and limited governance. The first part of the development was launched earlier this year, expanding the network’s functionality by burning the genesis keys and assigning voting power to its Constitutional Committee. Also, recent releases of new improvements to the network, such as Plutus v3, have developed new blockchain contract features.
The Constitutional Committee now has voting power and is a temporary addition to the system. Once the constitution is approved, the committee will be dissolved. From here on, the governance of the Cardano blockchain is in the hands of ADA token holders. The launch of this new development represents an important milestone, allowing you to move closer to the final goal of zoning.
ADA Pricing is Constantly Variable
While Hoskinson remains bullish on Cardano’s future, the price performance of its native token has been underwhelming. As of this writing, ADA is trading at $1.10, up only 2.7% from the previous day’s close.
Although the token’s price performance has declined, investor sentiment on the blockchain and its token remains high. For example, the ADA scores 74 on The Fear & Greed Index. Over the past 30 days, ADA’s price has risen more than 50%, indicating its stability while other assets are struggling.
Market analysts suggest that ADA will continue its unchanged price action, with prices moving anywhere between $0.934 and $1.10.
Featured image from Forbes, chart from TradingView