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Cardano faces skepticism from the crypto community: Hoskinson promises two major improvements

Mon 08 Apr 2024 ▪ 3 min of reading ▪ by Ariela R.
Decentralized Exchange (DEX)

In the context of increasing criticism about the health and future of Cardano, its founder Charles Hoskinson responds vigorously. He indeed highlights the major advancements to come for the crypto blockchain.

Actu crypto Cardano
Here is how Charles Hoskinson challenges the criticism from the crypto community about Cardano (ADA)

Cardano: A Crypto Revolution on the Horizon with Chang

The Chang hard fork, scheduled for this year, represents a pivotal step for Cardano’s crypto ecosystem. By introducing community governance, Cardano will indeed allow ADA crypto-asset holders to vote on proposals. This serves to enhance the decentralization of this cryptographic network!

Charles Hoskinson thus stresses the importance of this evolution, affirming that:

“We hold all the cards as an ecosystem.”

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Ouroboros Leios: Another Great Leap Forward for the Cardano Crypto Blockchain

Ouroboros Leios represents a significant breakthrough in resolving the blockchain trilemma. This new version of the proof-of-stake model aims to increase throughput, scalability, and the speed of crypto transactions on Cardano. At the same time, it preserves the current level of network decentralization in cryptography.

“This improvement is crucial to maintaining Cardano’s competitiveness in the constantly evolving crypto landscape”, explains Hoskinson. With Ouroboros Leios, the crypto blockchain is indeed ready to face future challenges by offering a robust and high-performance infrastructure.

Here’s How Hoskinson Responds to FUD

Facing recent criticism, Charles Hoskinson takes a firm stance to defend Cardano’s ecosystem reputation. He denounces FUD as being primarily fueled by short-term and emotional narratives.

“Most of the hate towards Cardano is emotional.”

Dan Gambardello, founder of Crypto Capital Venture, adds that FUD is partly attributable to the stagnation of the ADA price. The fact is that the price of a cryptocurrency unbelievably influences the perception of the crypto community.

The Cardano crypto blockchain is thus preparing for a period of major transformation with the Chang hard fork and the introduction of Ouroboros Leios. These advancements demonstrate Cardano’s commitment to innovation and decentralization.

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Ariela R. avatar
Ariela R.

Je m'appelle Ariela et j'ai 31 ans. J'oeuvre dans le domaine de la rédaction web depuis maintenant 7 ans. Je n'ai découvert le trading et la cryptomonnaie que depuis quelques années. Mais c'est un univers qui m'intéresse beaucoup. Et les sujets traités au sein de la plateforme me permettent d'en apprendre davantage. Chanteuse à mes heures perdues, je cultive aussi une grande passion pour la musique et la lecture (et les animaux !)

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.