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06/06/2024

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Cardano’s Hoskinson Dismisses Media Criticism: “It’s Beyond Pathetic” - Crypto Economy

TL;DR Cardano’s Resilience: Charles Hoskinson, founder of Cardano, has publicly criticized the crypto media for a perceived bias against ADA, highlighting the disconnect between media portrayal and the...

Cardano’s Hoskinson Dismisses Media Criticism: “It’s Beyond Pathetic” - Crypto Economy

TL;DR

  • Cardano’s Resilience: Charles Hoskinson, founder of Cardano, has publicly criticized the crypto media for a perceived bias against ADA, highlighting the disconnect between media portrayal and the blockchain’s solid fundamentals.
  • Upcoming Innovations: Cardano is preparing for the Chang Hard Fork, which will enhance the blockchain’s functionalities and decentralization, alongside the growth of its dApp ecosystem and the introduction of new technologies like Hydra.
  • Community and Events: The Cardano community is actively engaging in upcoming events such as Rare Evo and the Cardano Summit, with a focus on community-driven initiatives and a constitutional convention that will establish a framework for decentralized governance.

Charles Hoskinson, the visionary founder of Cardano (ADA), has taken to social media to voice his frustration over what he perceives as unfair media criticism. In a passionate post, Hoskinson decried the “profound disconnect between reality and opinion” that he believes plagues the crypto media’s portrayal of Cardano.

Never in my career have I seen such a profound disconnect between reality and opinion with the cryptocurrency influencer and media perception of Cardano versus its actual fundamentals.

We are on the verge of the most significant hard fork in the history of the project, tons of…

— Charles Hoskinson (@IOHK_Charles) June 6, 2024

Hoskinson stressed that Cardano is on the verge of a game-changing period thanks to the upcoming Chang Hard Fork. This major update, set to roll out in two stages, is expected to kickstart a fresh chapter for the blockchain, improving its functionalities and potential.

The Growth of dApps and R&D on Cardano

The Cardano community has witnessed a surge in the number of decentralized applications (dApps), with the blockchain leading the charge in research and development (R&D) scaling. Hoskinson highlighted the introduction of innovative technologies such as Hydra, partner chains, Midnight, and Prism, which are set to propel the ecosystem forward.

Cardano’s Hoskinson Dismisses Media Criticism: “It’s Beyond Pathetic”

Hoskinson pointed out the upcoming events that are poised to make waves within the Cardano community, including Rare Evo, the Cardano Summit, and Token 2049. These high-profile gatherings are a testament to the vibrant and active community that drives Cardano’s growth.

A Call to Focus on the Positive

In his statement, Hoskinson urged the crypto media to shift their focus to the positive strides being made by Cardano. He listed the major blockchain upgrade, the booming dApp ecosystem, scaling innovations, and community-driven initiatives as areas deserving of attention.

The Chang Hard Fork is set to be a historic milestone for Cardano, transferring full control of the protocol to the community and marking a significant step towards complete decentralization. The introduction of delegated representatives (DReps) will further decentralize decision-making, aligning with the principles outlined in CIP-1694.

Looking Ahead

As Cardano continues to mature, the community eagerly anticipates the constitutional convention in Buenos Aires. This event will see the ratification of Cardano’s Constitution, establishing a solid framework for decentralized governance and cementing the blockchain’s commitment to addressing real-world challenges.

The price of Cardano’s ADA did not react at all to the news. At the time of writing, ADA is trading at $0.4579, a 0.40% decrease in the last 24 hours.

Hoskinson’s message is clear: despite media skepticism, Cardano is forging ahead with strength and determination. The blockchain’s robust fundamentals and the community’s unwavering support are set to drive the industry toward a future where economic, political, and social issues are addressed head-on.

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