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TheCryptoBasic

07/02/2024

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Cardano Founder Says It’s Not About Token Price, It’s About Changing the World

Cardano founder Charles Hoskinson emphasizes global impact over token prices, highlighting his project’s achievements. Cardano founder Charles Hoskinson has taken it to the X platform to highlight the...

Cardano Founder Says It’s Not About Token Price, It’s About Changing the World

Cardano founder Charles Hoskinson emphasizes global impact over token prices, highlighting his project’s achievements.

Cardano founder Charles Hoskinson has taken it to the X platform to highlight the project’s broader mission beyond asset prices, emphasizing its transformative global impacts.

In a statement, the IOHK Chief 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.”

Hoskinson specifically reflected on Cardano’s journey, noting the project’s goals and the paradoxical criticism it faces as it nears completion.

“The closer you get to completing something, the more people will seem to think that you didn’t do it,” he added.

Roadmaps and Polarization https://t.co/1tzpN4iVn7

— Charles Hoskinson (@IOHK_Charles) July 1, 2024

As Cardano approaches its goals, it paradoxically faces increased scrutiny and skepticism. According to the founder, despite progress, managing public perception remains a challenge in the crypto sector. 

Recent Goals and Achievements

Hoskinson says Cardano has progressed through its phases, from Byron to Voltaire, achieving milestones in scalability, interoperability, and governance. 

Each phase has specific goals that have collectively strengthened the network. The Byron phase focused on launching the network, while the Shelly phase transitioned the network 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…”

However, on the flip side, the Cardano founder notes that “there was a 90% reduction in altcoin value in the industry.” Notably, the altcoin market capitalization is currently sitting at $236.45 billion.

Governance, Scalability, and Future Vision

Hoskinson also announced milestones in governance and scalability. According to him, the imminent launch of the largest on-chain government in the industry, alongside the availability of node 9.0, marks a move towards Cardano’s vision of a decentralized future.

“We will turn on the largest on-chain government in the history of the industry… in fact, node 9.0 should probably be available this week or next,” he disclosed.

Looking ahead, Hoskinson emphasized broader adoption and real-world applications for the next 5 to 10 years in the crypto space.

Moreso, Cardano aims to leverage its strong community, deep research, and skilled engineers to drive impactful changes.

In Charles Hoskinson’s words:

“We have the strongest community, we have the best depth of research, and we have the best engineers and the best builders […] We are here to change the world and take you along for the ride.”

Meme Coin Volatility and Political Commentary

It is important to recall a recent incident when Cardano’s meme coin RIO experienced a dramatic 96% drop on June 27, following Hoskinson’s comment revealing his pet parrot’s name is Daisy, not Rio.

However, amid Hoskinson’s commentary, Cardano (ADA) changes hands at $0.4058, reflecting a 2.24% increase in the last 24 hours and a 4.29% increase over the past week. 

Elsewhere, this commentary comes only a day after Hoskinson criticized President Biden’s crypto policies, urging U.S. voters to prioritize cryptocurrency in the upcoming elections. He stressed the importance of blockchain technology in shaping America’s future and warned that a vote for Biden could hinder the crypto industry’s growth.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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