- The Voltaire era introduces on-chain governance for Cardano, enabling quick adaptations and issue resolutions without third-party involvement.
- Hoskinson discusses global economic flaws at Tech Forum Argentina, highlighting severe inflation spikes in specific U.S. sectors.
At the Cardano Summit in Argentina, Charles Hoskinson, founder of Cardano, claimed that within the next 20 years, the Cardano network would surpass both Bitcoin and Ethereum. He highlighted the implementation of the Voltaire era in Cardano, which he believes will provide a significant advantage due to its fully decentralized governance structure.
Hoskinson predicted that Cardano would exceed Ethereum in ten years and Bitcoin in twenty years. Despite skepticism due to Cardano’s cryptocurrency, ADA, currently being the eleventh largest by market capitalization, Hoskinson maintains that Cardano’s advanced technology and focus on decentralization position it well for future growth.
He asserted that once Cardano surpasses its competitors, it will likely be adopted by governments for system operations, given the network’s reliability. This development would not only potentially increase the value of ADA but also alter how blockchain technology is used by institutions and individuals. According to Hoskinson, this long-term perspective differentiates Cardano from other networks that aim for immediate results.
As we reported on Crypto News Flash, Hoskinson emphasized the importance of decentralization as essential for creating a secure, efficient, and reliable network. The onset of the Voltaire era represents the start of an on-chain governance system, enabling Cardano to quickly adapt and resolve issues without third-party involvement.
Moreover, Hoskinson argued that this decentralized approach removes the dependency on venture capital and centralization, which affects other blockchain networks that are controlled by a few entities.
In addition to his presentations about Cardano, Hoskinson also spoke at the Tech Forum Argentina, where he discussed the structural weaknesses of the current economic system, focusing particularly on inflation in the United States.
“Money is being destroyed and when trust in money erodes, governments collapse. It is a social law that leads directly to social change,” Hoskinson said.
He noted that despite overall slowdowns in inflation, prices for certain items have increased by up to 200%. He views this as indicative of the traditional monetary system’s inability to sustain public trust, underscoring the potential benefits of a decentralized financial system like Cardano’s.
Hoskinson’s comments at both events underscore his vision for Cardano as a leading force in the future of both finance and blockchain governance, based on its technological foundations and governance model.
The current price of Cardano (ADA) is approximately $0.360, showing a strong increase of +2.56%. Recently, it has formed an uptrend channel, indicating bullish momentum. Resistance is expected around the $0.46 mark, while support is seen at $0.34. If the price remains above $0.34, further upward movement toward $0.37 and $0.41 is possible.
Technical indicators are mostly neutral, with the potential for an upward breakout if bullish pressure continues. A break below $0.34 could shift momentum toward a bearish trend.