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Cardano Ecosystem

Crypto News Flash (EN)

07/04/2024

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Cardano Ecosystem Focuses on Interoperability and Scalability in Voltaire Era – Can Price Hit $1?

Charles Hoskinson emphasized Cardano's mission to improve the world, noting its milestones in scalability, interoperability, and governance, and its continued progress despite market volatility.

Cardano Ecosystem Focuses on Interoperability and Scalability in Voltaire Era – Can Price Hit $1?
  • Cardano has achieved significant milestones in scalability, interoperability, and governance through its various phases from Byron to Voltaire.
  • Charles Hoskinson emphasizes Cardano’s global impact and transformative mission over asset prices and market speculation.

Cardano founder Charles Hoskinson recently highlighted the broader mission of the project in a YouTube video, emphasizing the transformative global impacts over mere asset prices. He underscored that Cardano is not just his project but a venture aimed at making a positive change worldwide. Despite nearing significant milestones, the project continues to face paradoxical scrutiny.

Reflecting on Cardano’s journey, Hoskinson discussed the project’s phases and the scrutiny it faces. He remarked,

“Cardano should not be equated as a Charles Hoskinson project… it’s not about a token or a price; it’s about making the world better for everybody.”

Despite nearing its goals, Cardano faces paradoxical criticism. He noted that managing public perception remains challenging in the crypto sector despite the project’s advancements.

Cardano has made significant progress through its phases, from Byron to Voltaire, achieving milestones in scalability, interoperability, and governance. The Byron phase focused on launching the network, while the Shelly phase transitioned it from static and federated to dynamic and decentralized. According to Hoskinson,

“Byron was all about launching a cryptocurrency network… Shelly was about making that from static and federated to dynamic and decentralized…”

Governance and Scalability Milestones

Hoskinson announced significant advancements in governance and scalability. He revealed the imminent launch of the largest on-chain government in the industry, along with the availability of node 9.0, which marks a move towards Cardano’s vision of a decentralized future. This development highlights Cardano’s commitment to creating a robust and scalable governance system.

Looking ahead, Hoskinson emphasized broader adoption and real-world applications for the next five to ten years in the crypto space. He stressed leveraging Cardano’s strong community, deep research, and skilled engineers to drive impactful changes. Cardano aims to play a pivotal role in the global crypto landscape, focusing on real-world applications and broader adoption. He stated, “We are here to change the world and take you along for the ride.”

Market Movements and Future Aspirations

In a recent incident, Cardano’s meme coin RIO experienced a dramatic 96% drop following Hoskinson’s comment revealing his pet parrot’s name is Daisy, not Rio. Despite this, Cardano (ADA) has shown resilience, trading at $0.4063, reflecting a 1% increase in the last 24 hours and a 4.21% increase over the past week. This performance underscores the market’s recognition of Cardano’s potential and its progress toward achieving its broader mission.

Charles’s remarks on the Cardano ecosystem followed his response to recent speculation surrounding the upcoming Chang hard fork. Contrary to circulating claims, Hoskinson clarified that the hard fork was never scheduled for June. Instead, he explained that a fork-ready node is available, and the next step requires 70% of stake pool operators to test and update their systems, which typically takes about a month.


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This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

Meet Simon, a crypto connoisseur with a thriving eight-year journey in the crypto realm. His heart beats with excitement as he delves into the ever-evolving universe of decentralized finance (DeFi), unraveling its power to bestow economic independence. Simon's relentless quest for DeFi wisdom is like a beacon, for he envisions it as the catalyst for a groundbreaking shift in our financial world. Business Email: [email protected] Phone: +49 160 92211628

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