{"id":172970,"date":"2024-10-11T12:22:26","date_gmt":"2024-10-11T12:22:26","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=172970"},"modified":"2024-10-11T12:22:29","modified_gmt":"2024-10-11T12:22:29","slug":"cardano-isnt-dying-hoskinson-says-voltaire-update-will-transform-the-ecosystem","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/cardano-isnt-dying-hoskinson-says-voltaire-update-will-transform-the-ecosystem\/","title":{"rendered":"Cardano Isn\u2019t Dying! Hoskinson Says Voltaire Update Will Transform the Ecosystem"},"content":{"rendered":"<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">TL;DR<\/span><\/p>\n<ul style=\"text-align: justify\">\n<li><strong><span data-preserver-spaces=\"true\">Charles Hoskinson addresses negative sentiments<\/span><\/strong><span data-preserver-spaces=\"true\">: Cardano\u2019s co-founder reassures the community that the project is not dying and highlights the transformative potential of the upcoming Voltaire update.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Voltaire update as a game changer<\/span><\/strong><span data-preserver-spaces=\"true\">: Launched in September, this update introduces a decentralized governance model with a robust voting and treasury system, aiming to address past governance challenges.<\/span><\/li>\n<li><strong><span data-preserver-spaces=\"true\">Commitment to transparency and integrity<\/span><\/strong><span data-preserver-spaces=\"true\"><span data-preserver-spaces=\"true\">: Hoskinson emphasizes Cardano\u2019s open and community-involved decision-making process, which he believes will help the ecosystem thrive and grow despite criticisms.<\/span><\/span><br \/>\n<hr \/>\n<\/li>\n<\/ul>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">Charles Hoskinson,<\/span><\/strong><span data-preserver-spaces=\"true\"> the co-founder of <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/knowing-cardano-protocol\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Cardano<\/span><\/a><span data-preserver-spaces=\"true\"> (ADA), <\/span><strong><span data-preserver-spaces=\"true\">has recently addressed the growing negative sentiments surrounding the blockchain project<\/span><\/strong><span data-preserver-spaces=\"true\">. In a series of statements, Hoskinson emphasized that Cardano is far from dying and is, in fact, on the brink of a significant transformation with the upcoming Voltaire update.<\/span><!--more--><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">You all may have noticed that the Twitter sentiment around Cardano has been more negative lately. This change isn&#39;t a reflection of our project somehow failing, but rather the desired result of Voltaire. <\/p>\n<p>There have been years of pent-up grievances, unexplored road map items,\u2026<\/p>\n<p>&mdash; Charles Hoskinson (@IOHK_Charles) <a href=\"https:\/\/twitter.com\/IOHK_Charles\/status\/1844348498931782014?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">October 10, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">The Voltaire Update: A Game Changer for Cardano<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The Voltaire update,<\/span><\/strong><span data-preserver-spaces=\"true\"> which launched in September, <\/span><strong><span data-preserver-spaces=\"true\">marks a pivotal moment for Cardano<\/span><\/strong><span data-preserver-spaces=\"true\">. This upgrade transitions Cardano into a fully decentralized protocol by introducing a robust voting and treasury system. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">According to Hoskinson, <\/span><strong><span data-preserver-spaces=\"true\">this new governance model will enable the ecosystem to better address its needs<\/span><\/strong><span data-preserver-spaces=\"true\"> and grievances, which have accumulated over the years due to the previous governance structure\u2019s limitations.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Overcoming Governance Challenges<\/span><\/h2>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-172971\" src=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/CardanoADA.jpg\" alt=\"Cardano Isn\u2019t Dying! Hoskinson Says Voltaire Update Will Transform the Ecosystem\" width=\"825\" height=\"300\" srcset=\"https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/CardanoADA.jpg 825w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/CardanoADA-300x109.jpg 300w, https:\/\/crypto-economy.com\/\/wp-content\/uploads\/2024\/10\/CardanoADA-768x279.jpg 768w\" sizes=\"(max-width: 825px) 100vw, 825px\" \/><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">Hoskinson acknowledged that the negative sentiment around Cardano has been fueled by the project\u2019s inability to scale its governance to meet the growing demands of its community. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">He pointed out that the Voltaire update is designed to solve these issues<\/span><\/strong><span data-preserver-spaces=\"true\"> by providing a more adaptable and responsive governance framework. This will allow for the execution of a new roadmap aimed at significantly growing the ecosystem.<\/span><\/p>\n<h2 style=\"text-align: left\"><span data-preserver-spaces=\"true\">Transparency and Integrity<\/span><\/h2>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">One of the key differentiators of Cardano<\/span><\/strong><span data-preserver-spaces=\"true\">, according to Hoskinson, <\/span><strong><span data-preserver-spaces=\"true\">is its commitment to transparency and integrity<\/span><\/strong><span data-preserver-spaces=\"true\">. Unlike other projects that may engage in backroom deals, Cardano operates openly and involves its community in decision-making processes. <\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">This approach, Hoskinson argues, is why Cardano is often misunderstood and criticized by those who prefer less transparent methods. Despite the challenges, Hoskinson remains optimistic about Cardano\u2019s future. <\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">He believes that the Voltaire update will unlock the full potential of the <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/crypto-economy.com\/blockchain-technology\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">blockchain<\/span><\/a><\/strong><span data-preserver-spaces=\"true\">, making it one of the most advanced and decentralized ecosystems in the crypto space. With the new governance system in place, <\/span><strong><span data-preserver-spaces=\"true\">Cardano is poised to thrive and grow<\/span><\/strong><span data-preserver-spaces=\"true\">, proving its critics wrong.<\/span><\/p>\n<p style=\"text-align: justify\"><strong><span data-preserver-spaces=\"true\">The crypto market appeared to have reacted positively<\/span><\/strong><span data-preserver-spaces=\"true\"> to Hoskinson&#8217;s words, as <\/span><strong><span data-preserver-spaces=\"true\">Cardano&#8217;s native token, ADA, is <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/coinmarketcap.com\/currencies\/cardano\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">trading<\/span><\/a><span data-preserver-spaces=\"true\"> at<\/span><\/strong> <strong><span data-preserver-spaces=\"true\">$0.3464, <\/span><\/strong><span data-preserver-spaces=\"true\">increasing more than 2% in the last 24 hours, as per data from CoinMarketCap.<\/span><\/p>\n<p style=\"text-align: justify\"><span data-preserver-spaces=\"true\">In conclusion, while Cardano has faced its share of challenges and criticisms, the Voltaire update represents a significant step forward. By addressing governance issues and enhancing transparency, Cardano is set to transform into a more resilient and dynamic ecosystem.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>TL;DR Charles Hoskinson addresses negative sentiments: Cardano\u2019s co-founder reassures the community that the project is not dying and highlights the transformative potential of the upcoming Voltaire update. Voltaire update as a game changer: Launched in September, this update introduces a decentralized governance model with a robust voting and treasury system, aiming to address past governance &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Cardano Isn\u2019t Dying! Hoskinson Says Voltaire Update Will Transform the Ecosystem\" class=\"read-more button\" href=\"https:\/\/crypto-economy.com\/cardano-isnt-dying-hoskinson-says-voltaire-update-will-transform-the-ecosystem\/#more-172970\" aria-label=\"More on Cardano Isn\u2019t Dying! Hoskinson Says Voltaire Update Will Transform the Ecosystem\">Read more<\/a><\/p>\n","protected":false},"author":32,"featured_media":172972,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[105,74],"tags":[5022,4620,4632,5061,9906],"_links":{"self":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172970"}],"collection":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/comments?post=172970"}],"version-history":[{"count":1,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172970\/revisions"}],"predecessor-version":[{"id":172975,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/posts\/172970\/revisions\/172975"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media\/172972"}],"wp:attachment":[{"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/media?parent=172970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/categories?post=172970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-economy.com\/wp-json\/wp\/v2\/tags?post=172970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}