Is Cardano (ADA) Dying? Founder Charles Hoskinson Responds to the Allegations!

Cardano (ADA) founder Charles Hoskinson recently evaluated the increasing negative atmosphere regarding his project on social media.

Hoskinson Claims Cardano’s Situation Will Improve After Voltaire

Hoskinson explained in a statement that this shift in sentiment does not reflect any failure of the project, but rather is a result of Cardano’s evolving governance system known as Voltaire.

“You may have all noticed that Twitter sentiment regarding Cardano has been more negative lately. This change is not a reflection of our project somehow failing, but rather Voltaire’s desired outcome.” he said.

Hoskinson. He explained that years of unresolved issues have accumulated, including roadmap items, unfunded growth strategies and partnerships, as ADA’s management has not scaled to meet the demands of the ecosystem.

However, with the introduction of Voltaire, he believes that the new management system is equipped to meet these needs and will pave the way for significant growth and development.

Hoskinson has expressed his own frustrations with issues not being addressed in the past, especially when working on Cardano Native Asset (CNA) projects like Midnight. “I am acutely aware of what needs to be done for CNAs, from oversight to liquidity. “I will do my part, but I am happy that we have real governance by and for ADA users,” he added, saying the ecosystem now has a solid governance model that can drive new initiatives.

He also claims that Cardano’s approach is based on behind-the-scenes dealings. crypto para He also stated its transparency compared to its projects. “The difference between Cardano and the rest of the cryptocurrency space is that we are all doing this together and openly,” he said.

According to Hoskinson, this commitment to honesty and transparency has made Cardano the target of criticism from other projects.

Defending Cardano’s long-term strategy, Hoskinson said the project prioritizes sustainable growth and progress over short-term gains and market manipulation. Denying any relationship with traditional financial institutions such as BlackRock or Wall Street, Hoskinson said: “Cardano is not dying. It is developing and growing. “It is also one of the last cryptocurrencies that still wants to be a real cryptocurrency, not the patron of BlackRock and Wall Street.” he said.

*This is not investment advice.