Cardano Founder Stresses Importance of Impact, Not Token Price
Cardano founder Charles Hoskinson recently took to social media to emphasize the global impact of the project, stating that it’s not about the token price but about making the world a better place for everyone. Hoskinson highlighted the achievements of Cardano, as it nears completion, but also discussed the increased scrutiny and skepticism faced as goals are reached. He noted that managing public perception remains a challenge in the crypto sector.
Hoskinson shared the milestones achieved by Cardano, including progress in scalability, interoperability, and governance. Each phase of the project has contributed to strengthening the network, with the Byron phase focusing on launching the network and the Shelly phase transitioning it to a decentralized state. Despite the progress, Hoskinson acknowledged the 90% reduction in altcoin value in the industry.
He also revealed upcoming milestones in governance and scalability, such as the launch of the largest on-chain government in the industry and the availability of node 9.0. Hoskinson expressed Cardano’s vision of a decentralized future and emphasized the importance of broader adoption and real-world applications in the crypto space over the next 5 to 10 years.
Hoskinson highlighted Cardano’s strong community, research, and engineering expertise, stating that they aim to change the world and take people along for the ride.
It’s worth mentioning that amidst Hoskinson’s commentary, Cardano’s token (ADA) has seen a slight increase in value. However, it’s important to note that Cardano’s meme coin RIO experienced a significant drop after a comment from Hoskinson about his pet parrot’s name.
This statement from Hoskinson comes shortly after his criticism of President Biden’s crypto policies, where he urged U.S. voters to prioritize cryptocurrency in the upcoming elections. Hoskinson stressed the importance of blockchain technology in shaping the future of America and warned of potential hinderance to the crypto industry’s growth under the current administration.