Chang has recently released a new hard fork upgrade Charles Hoskinson’s founder has stated that in September, Cardano’s (ADA), blockchain was rated as the number one player in crypto.
Hoskinson has been a consistent contributor to the Ethereum community, and is known as a co-founder of Ethereum (ETH). praised Cardano’s recent progress following the recent upgradeDecentralization is what makes Bitcoin superior to other cryptocurrencies, such as Bitcoin.
Hoskinson Declares Cardano Remains Top Dog
Recent studies have shown that the number of people who are able to speak English is increasing. post Hoskinson reaffirmed Cardano’s status on the social media platform X, formerly Twitter. He claimed that it was a cryptocurrency. “still number 1.” His remarks from the Token2049 Conference held in Singapore where he spoke about the new governance model for the Cardano system, have been followed by this statement.
Hoskinson highlighted that this particular model was a Hoskinson. “redistributes power” From a few select people to the larger community, addressing one of his key concerns with Ethereum “centralized structure.”
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Hoskinson noted that Ethereum’s reliance upon its founder Vitalik Buterin created a problem. “a bottleneck for innovation,” Cardano’s Chang fork, on the other hand, has created a framework to ensure ongoing development Regardless of the individual’s involvement.
Hoskinson highlighted the fact that delegated reps (DReps), who are now able to engage, communicate, vote, as well as use a governance system based on blockchain, can regularly ratify and reaffirm their responsibilities. network’s roadmap. He said it emphatically. “Charles, alive or dead, doesn’t matter. There’s still going to be innovation on a daily basis.”
Cardano has also shown significant growth on key metrics. The blockchain boasts more than 74,000 Plutusscripts as well as the creation of over 1.3 million delegated Wallets in the last seven year period.
In addition, 1 373 projects were launched using the platform. This was highlighted in an official commemorative video Input Output Global is the developer behind blockchain.
Last Transition to Decentralized Government?
Hoskinson, in his most recent social media post, also commented on Cardano’s progresses on decentralized governance. He suggested that the network was on the verge of reaching remarkable milestones through upcoming features.
Cardano is aiming to replace these genesis key, which has been crucial in the management of the network ever since it was created. Increased participation will support the transition. stake pool operators The establishment of a Constitutional Committee, (CC), and (SPOs), as well as DReps.
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You can also find out more about the following: next Steps towards achieving a completely decentralized model of governance include ensuring that stake Pool nodes are now operational and decentralized apps (DApps), which have been in development for some time, are almost complete.
With the last use of Genesis keys comes the transition into the Voltaire Era, which signifies a blockchain that is fully self-sustaining. hard fork. IOG, or the Blockchain’s creator, has yet to announce any dates and further developments.
Cardano native token was not available at the time this article was written. ADA Trades at $0.352 and has seen a price increase of 2% in the past 24 hours.
Chart from TradingView.com, image from DALL.E
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Source: www.newsbtc.com