{"id":646354,"date":"2024-10-05T10:00:10","date_gmt":"2024-10-05T10:00:10","guid":{"rendered":"https:\/\/www.ktsl888.com\/?p=646354"},"modified":"2024-10-05T00:47:30","modified_gmt":"2024-10-05T00:47:30","slug":"hoskinson-claims-cardano-is-still-1-crypto-citing-decentralization-and-upcoming-plans","status":"publish","type":"post","link":"https:\/\/www.ktsl888.com\/news\/cardano\/hoskinson-claims-cardano-is-still-1-crypto-citing-decentralization-and-upcoming-plans\/","title":{"rendered":"Hoskinson Claims Cardano Is ‘Still #1’ Crypto, Citing Decentralization And Upcoming Plans"},"content":{"rendered":"

The recent Chang hard fork upgrade in September has positioned the Cardano (ADA) blockchain as the top player in the crypto ecosystem, according to its founder, Charles Hoskinson.\u00a0<\/span><\/p>\n

Hoskinson, who is also known for his role in co-founding Ethereum (ETH), has consistently <\/span>praised <\/span><\/a>Cardano’s progress over the past month following the recent upgrade, asserting its superiority over the largest cryptocurrencies on the market such as Bitcoin (BTC) in terms of decentralization.<\/span><\/p>\n

Hoskinson Declares Cardano Remains Top Dog<\/span><\/h2>\n

In a recent <\/span>post <\/span><\/a>on social media platform X (formerly Twitter), Hoskinson reaffirmed Cardano’s status, claiming it is \u201cstill number 1.\u201d This statement follows his remarks at the Token2049 Conference in Singapore, where he discussed the new governance model of the Cardano network.\u00a0<\/span><\/p>\n

Hoskinson emphasized that this model \u201credistributes power\u201d from a select few to the broader community, addressing a key concern he sees with Ethereum\u2019s \u201ccentralized structure.\u201d\u00a0<\/span><\/p>\n

Related Reading: Analyst Says PEPE Bearish Continuation Is Possible For A 50% Price Crash<\/a><\/div>\n

Hoskinson pointed out that Ethereum’s reliance on its founder, Vitalik Buterin, creates \u201ca bottleneck for innovation,\u201d whereas Cardano’s Chang hard fork has established a framework that ensures ongoing <\/span>development <\/span><\/a>regardless of individual involvement.<\/span><\/p>\n

Hoskinson further highlighted how delegated representatives (DReps) can now engage with one another, vote, and utilize a blockchain-based governance system to regularly ratify the <\/span>network’s roadmap<\/span><\/a>. He stated emphatically, \u201cCharles, alive or dead, doesn\u2019t matter. There\u2019s still going to be innovation on a daily basis.\u201d<\/span><\/p>\n

In addition, the Cardano blockchain has shown significant growth in key metrics, boasting over 74,000 Plutus scripts and the creation of 1.3 million delegated wallets over the last seven years.\u00a0<\/span><\/p>\n

Additionally, approximately 1,373 projects have been launched on the platform, as highlighted in a commemorative <\/span>video <\/span><\/a>by Input Output Global (IOG), the development company behind the blockchain.<\/span><\/p>\n

Final Transition To Decentralized Governance?<\/h2>\n

In his latest social media update, Hoskinson also remarked on Cardano’s advancements in decentralized governance, suggesting that the network is on the cusp of achieving remarkable milestones with upcoming features.<\/span><\/p>\n

Looking ahead, Cardano aims to replace its initial genesis keys, which have been instrumental in managing the network since its inception. This transition will be supported by increased participation from<\/span> stake pool operators<\/span><\/a> (SPOs) and DReps, as well as the establishment of a Constitutional Committee (CC).<\/span><\/p>\n

Related Reading: XRP Macro Charts Signal Explosive Bullish Move Despite SEC Appeal: Analyst<\/a><\/div>\n

The next steps toward achieving a fully decentralized governance model involve ensuring that stake pool nodes meet operational thresholds and that decentralized applications (DApps) are nearing completion.\u00a0<\/span><\/p>\n

The final transition to the Voltaire era, signifying a fully self-sustaining blockchain, will occur with the final use of the Genesis keys, triggering another <\/span>hard fork.<\/span><\/a> However, further announcements and dates for these developments have yet to be released by IOG or the blockchain’s founder.<\/span><\/p>\n

\"Cardano\"
The 1D chart shows ADA’s price recovery experienced on Friday. Source: ADAUSDT on TradingView.com<\/a><\/figcaption><\/figure>\n

At the time of writing, Cardano\u2019s native token <\/span>ADA <\/span><\/a>trades at $0.352, recording a 2% price surge in the last 24 hours.\u00a0\u00a0<\/span><\/p>\n

Featured image from DALL-E, chart from TradingView.com<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The recent Chang hard fork upgrade in September has positioned the Cardano (ADA) blockchain as the top player in the crypto ecosystem, according to its founder, Charles Hoskinson.\u00a0 Hoskinson, who is also known for his role in co-founding Ethereum (ETH), has consistently praised Cardano’s progress over the past month following the recent upgrade, asserting its superiority over the largest cryptocurrencies on the market such as Bitcoin (BTC) in terms of decentralization. Hoskinson Declares Cardano Remains Top Dog In a recent post on social media platform X (formerly Twitter), Hoskinson reaffirmed Cardano’s status, claiming it is \u201cstill number 1.\u201d This statement follows his remarks at the Token2049 Conference in Singapore, where he discussed the new governance model of the Cardano network.\u00a0 Hoskinson emphasized that this model \u201credistributes power\u201d from a select few to the broader community, addressing a key concern he sees with Ethereum\u2019s \u201ccentralized structure.\u201d\u00a0 Related Reading: Analyst Says PEPE Bearish Continuation Is Possible For A 50% Price Crash Hoskinson pointed out that Ethereum’s reliance on its founder, Vitalik Buterin, creates \u201ca bottleneck for innovation,\u201d whereas Cardano’s Chang hard fork has established a framework that ensures ongoing development regardless of individual involvement. Hoskinson further highlighted how delegated representatives (DReps) can now engage with one another, vote, and utilize a blockchain-based governance system to regularly ratify the network’s roadmap. He stated emphatically, \u201cCharles, alive or dead, doesn\u2019t matter. There\u2019s still going to be innovation on a daily basis.\u201d In addition, the Cardano blockchain has shown significant growth in key metrics, boasting over 74,000 Plutus scripts and the creation of 1.3 million delegated wallets over the last seven years.\u00a0 Additionally, approximately 1,373 projects have been launched on the platform, as highlighted in a commemorative video by Input Output Global (IOG), the development company behind the blockchain. Final Transition To Decentralized Governance? In his latest social media update, Hoskinson also remarked on Cardano’s advancements in decentralized governance, suggesting that the network is on the cusp of achieving remarkable milestones with upcoming features. Looking ahead, Cardano aims to replace its initial genesis keys, which have been instrumental in managing the network since its inception. This transition will be supported by increased participation from stake pool operators (SPOs) and DReps, as well as the establishment of a Constitutional Committee (CC). Related Reading: XRP Macro Charts Signal Explosive Bullish Move Despite SEC Appeal: Analyst The next steps toward achieving a fully decentralized governance model involve ensuring that stake pool nodes meet operational thresholds and that decentralized applications (DApps) are nearing completion.\u00a0 The final transition to the Voltaire era, signifying a fully self-sustaining blockchain, will occur with the final use of the Genesis keys, triggering another hard fork. However, further announcements and dates for these developments have yet to be released by IOG or the blockchain’s founder. At the time of writing, Cardano\u2019s native token ADA trades at $0.352, recording a 2% price surge in the last 24 hours.\u00a0\u00a0 Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":636095,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16896],"tags":[91353,79508,12332,15138,84139,89230,1286,15137,6664,14690,16253],"class_list":["post-646354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cardano","tag-ada-cardano","tag-adausdt","tag-cardano","tag-cardano-ada-price","tag-cardano-founder","tag-cardano-news","tag-charles-hoskinson","tag-charles-hoskinson-cardano","tag-crypto","tag-crypto-news","tag-latest-cardano-news"],"acf":[],"yoast_head":"\nHoskinson Claims Cardano Is 'Still #1' Crypto, Citing Decentralization And 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