Cardano Founder Tells Critics of ADA "We're in Control"

Charles Hoskinson has responded to Cardano critics after a weekend of intense community backlash. In his message, Hoskinson asserts that Cardano holds the keys to future growth.

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Amidst significant criticism aimed at Cardano, its founder Charles Hoskinson remains confident in ADA’s potential for future growth. At the start of the new week, Hoskinson, known for his outspoken nature, has addressed the negative comments surrounding the network’s native coin.

Charles Hoskinson Responds to Cardano Critics

One of the critics of Cardano, cryptocurrency enthusiast Ben Armstrong, recently declared ADA as “dead.” It was reported by Stake With Pride that Ben had abandoned his ADA staked pool prior to making this statement. In response, Charles Hoskinson aimed to clarify misconceptions about the network and address the criticism directly.

Hoskinson assured his followers that Cardano remains a strong ecosystem with promising growth opportunities. He emphasized the blockchain’s path for scalability, governance, and innovation, crediting the community for its contributions to the network’s success.

Cardano’s roadmap for the first quarter of the year included the launch of the Plutus V3 development tool and the Chang hardfork. These initiatives are aimed at reshaping the trajectory of the Cardano blockchain. The Chang Hardfork signifies a strategic milestone towards complete community governance, marking the beginning of the Voltaire era as outlined in the CIP-1694 proposal.

The Plutus V3 upgrade is anticipated to boost demand for ADA and enhance the performance of the Proof-of-Stake (PoS) network. By introducing advanced primitives and tools, developers will have the capability to create more sophisticated smart contracts with improved performance, throughput, and size optimization.

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Cardano’s Advancements and Founder’s Perspective

Enhanced Solutions and Interoperability: According to a statement from a Cardano enthusiast, the platform’s support for Zero-Knowledge proofs (ZKP) paves the way for privacy-enhanced solutions and interoperability with partner chains like Midnight. Notably, the introduction of Plutus V3 for testing on SanchoNet in February marked a significant milestone.

Upcoming Chang Upgrade: Cardano founder Charles Hoskinson announced that the Chang upgrade is imminent, following the progress observed on SanchoNet. This development gives the community something to anticipate. Additionally, Hoskinson emphasized Cardano’s extensive research efforts, boasting up to 209 papers that can be easily translated.

Long-Term Focus Amidst Industry Dynamics: Addressing industry dynamics, Hoskinson lamented the dominance of short-term narratives and sensationalism. He compared it to the challenges faced by the AI industry, where new developments frequently overshadow previous ones. Hoskinson emphasized the importance of maintaining a long-term perspective amidst the rapid pace of technological advancement.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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