Charles Hoskinson Breaks Silence: Inside Cardano's Journey to Decentralized Governance - Crypto Economy

TL;DR

• Charles Hoskinson shared the difficulties and challenges faced in the development of Cardano, including the loss of friendships and the pressure from criticism.
• The Chang hard fork, activated on September 1, marks a significant advancement towards decentralized governance in Cardano.
• Cardano is described as a self-replicating and self-sustaining “governance virus,” a technical achievement operating in over 100 countries and continuing to grow without limitations.
  

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Charles Hoskinson, founder of Cardano, has discussed the difficulties and challenges he has faced while developing the protocol on which ADA is based. In a statement, Hoskinson described his experience as an emotional rollercoaster filled with obstacles and criticism, highlighting that he has been a victim of the pressure and skepticism often directed at Proof-of-Stake (PoS) blockchains like Cardano.

Hoskinson revealed that working on Cardano has cost him friendships and has been a process full of challenges, but he has also received support from various entities that have given honest feedback about the ecosystem.

One of the deepest lessons I've taken to heart over the past decade is that becoming a public figure means you turn into a human rorschach test where those who don't like you will take any post or comment and assume the worst possible interpretation.

Working on Cardano this…

— Charles Hoskinson (@IOHK_Charles) September 2, 2024

According to Charles, Cardano is a distributed system operating in over 100 countries, uniting millions of people. Compared to Bitcoin, he believes Cardano offers a broader and more advanced vision, describing it as a self-replicating and self-sustaining “governance virus” that continues to grow and evolve without limitations.

Hoskinson and One of the Greatest Technical Achievements in History

One of the most significant developments has been the recent activation of the Chang hard fork on September 1. This update is crucial for steering Cardano towards more decentralized governance for the ecosystem.

With the implementation of Chang, ADA users now have the ability to elect governance representatives and vote on development proposals, marking the beginning of the platform’s “Voltaire Era.” The upgrade has been implemented in two phases, with the first phase introduced by the Interim Constitutional Committee and the second phase scheduled for the next 90 days, aimed at strengthening the new governance bodies.

Despite the criticism and challenges, Hoskinson remained optimistic and expressed gratitude towards those who have understood and supported the project. Cardano has succeeded in creating a distributed and autonomous system considered one of the greatest technical achievements in recent history.