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FxCryptoNews

08/01/2024

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Charles Hoskinson on the Defensive: Will Chang Revolutionize Cardano?

Charles Hoskinson, the founder of Cardano (ADA), hinted that the milestone node upgrade, Chang, could provoke naysayers and frequent critics of the ecosystem. He made this implication in a post on X, reacting...

Charles Hoskinson on the Defensive: Will Chang Revolutionize Cardano?

Charles Hoskinson, the founder of Cardano (ADA), hinted that the milestone node upgrade, Chang, could provoke naysayers and frequent critics of the ecosystem. He made this implication in a post on X, reacting to a comment from Cardano fund beneficiary elraulito (@ElRaulito_cnft).

Addressing the “Black Sheep” Reputation

At the recently concluded 2024 Bitcoin Conference in Nashville, Elraulito inquired from an expert about Cardano’s “black sheep” reputation among blockchain projects. Hoskinson’s response provided insight into his perception of the broader crypto community’s view of Cardano. 

I guess I've lived long enough to get to the stage where apparently I'm the scapegoat for the ills of Cardano. What will you guys talk about after Chang? https://t.co/45dEdMATiN

— Charles Hoskinson (@IOHK_Charles) July 31, 2024

He noted that throughout Cardano’s evolutionary development, many within the industry have held him accountable for any negative occurrences within the ecosystem. Hoskinson’s comments suggest he has come to terms with this position. He posed a cryptic question, “What will you guys talk about after Chang?” 

Related article: Charles Hoskinson Reveals Mithril Upgrade, Rebuts Criticism

This remark has ignited debate among community members. Some believe the Cardano founder is bracing for the next wave of criticism from those who target him without cause. Conversely, others feel that the major changes brought about by the anticipated Chang launch in August will silence Hoskinson’s detractors.

Chang Hard Fork: A Revolutionary Step For Cardano

The Chang hard fork is widely regarded as a groundbreaking update in Cardano’s history, introducing the most advanced governance system to date. Recently, Hoskinson highlighted the release of Cardano Node 9.1.0, which significantly marks the preparations for this important unveiling. Furthermore, the Chang hard fork represents the first in the Cardano network’s Voltaire era, specifically aimed at unlocking new potentials inherent in the blockchain.

Related article: Charles Hoskinson Stirs Excitement: ADA ETF Possibility

The development team emphasized that this upgrade lays the foundation for decentralized decision-making processes. Charles Hoskinson anticipates another backlash from critics following the Chang upgrade. 

However, he remains optimistic that the significant advancements brought by Chang will ultimately vindicate Cardano and its leadership.

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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