TL;DR
- Charles Hoskinson addresses the criticism towards Cardano and asserts that it is a consequence of the changes introduced by Voltaire.
- Hoskinson believes that Cardano’s new governance will solve structural problems and foster growth.
- Cardano refuses to establish ties with traditional financial institutions like BlackRock.
Charles Hoskinson, founder of Cardano (ADA), has spoken out regarding the growing skepticism and criticism towards his project on social media.
In his statement, Charles affirmed that the observed discontent is not a sign of failure, but rather a consequence of the transformations ADA is undergoing under its new governance system, Voltaire. According to him, these reactions reflect the very nature of the changes that have been set in motion and should not be interpreted as a sign of decline.
Voltaire Arrived to Solve Old Problems
The founder of Cardano explained that the implementation of Voltaire is part of a long-term process aimed at addressing structural problems that had accumulated over time. These include elements of the project’s roadmap that remained unresolved and growth strategies that lacked adequate funding.
Hoskinson attributed these obstacles to the previous governance system, which, according to him, lacked the ability to effectively respond to the ecosystem’s needs. However, with Voltaire now in place, he believes a solid foundation has been established that will allow these challenges to be effectively addressed and foster appropriate growth in the future.
Hoskinson also expressed his frustration with some of the projects linked to Cardano, such as Midnight, which face difficulties in areas like custody and liquidity. Despite these upcoming challenges, he remains aligned with implementing governance that is in tune with the interests of ADA users, emphasizing that the new structure has the capacity to efficiently support both ongoing and future initiatives.
Hoskinson Puts Transparency at the Top
One of the points Hoskinson highlighted was the transparency with which Cardano handles its operations. Unlike other projects that operate more covertly, ADA has adopted an open approach which, according to its founder, has made it an easy target for criticism. Nonetheless, he defended this stance, stating that transparency is essential for ensuring sustainable long-term development.
Additionally, Hoskinson rejected any kind of association with traditional financial institutions, such as BlackRock or Wall Street. He affirmed that, unlike other projects that may be influenced by these entities, Cardano remains a genuine cryptocurrency committed to authentic growth, free from external manipulation, and focused on generating real value for its community