Cardano Founder's Big Reveal On Hydra & Chang Upgrade

Cardano founder Charles Hoskinson went on an emotional tirade, ranting about the ongoing FUD against the smart contact platform. In a candid expression of his thoughts, Hoskinson tackled several misconceptions head-on, shedding light on the robust roadmap of the Cardano blockchain. One of the circulating rumors was about the much-anticipated Project Hydra, which the crypto entrepreneur confirmed remains on track.

The scalability solution designed to enhance Cardano’s transaction speed and efficiency has been rumored to be “canceled behind the scenes.” Contrary to the speculation, Hydra’s implementation is crucial for Cardano’s ambition to support a high volume of transactions.

Next on his list is the Chang hard fork, which the naysayers have proclaimed to be delayed. Hoskinson emphasized the upgrade’s robust path forward, as highlighted on SanchoNet. With FUD declaring Cardano dead, the founder cited the community’s research efforts, now boasting 209 papers with quicker translation into real-world applications.

Our research labs are scaling up, we are now at 209 papers with much faster research translation. I wouldn’t bet against an ecosystem with the ability to engage and unlock millions of people, has an on-chain sovereign wealth fund, and has never failed in 2300+ days of uptime 24/7.

Another key aspect of Cardano’s vision is governance, which aims to foster a decentralized and democratic ecosystem. Hoskinson addressed concerns regarding the implementation of governance mechanisms, clarifying that the foundation is laying the groundwork for a governance model that empowers the Cardano community. This model will enable stakeholders to have a say in the project’s direction, embodying the principles of transparency and collective decision-making.

Cardano Beyond Carnival Barkers

He lamented how the online FUD discourse of the industry mainly focuses on short-term narratives dominated by the “carnival barkers” and not on the broader industry challenges. “AI has the same issue. A few months ago, Open AI dominated everything, then Claude 3, now we got Grok 1.5, and soon Llama 3.” Hoskinson underscores the importance of foundational strength and community support for lasting success.

“The winners have foundations that are built to last generations and a community that respects and maintains those foundations. There is no substitution for this reality,” he added.