Charles Hoskinson, the founder of Cardano, has addressed the recent surge in negative sentiment surrounding the cryptocurrency on social media. In a statement, Hoskinson attributed the decline in Twitter sentiment to a combination of factors, including years of unaddressed grievances within the Cardano community and the limitations of the previous governance system.
Hoskinson Says Measures Taken Against Cardano’s Decline
“This change isn’t a reflection of our project somehow failing, but rather the desired result of Voltaire,” Hoskinson explained. Voltaire, a new governance system introduced to Cardano, is designed to address the community’s concerns and facilitate the project’s growth.
Hoskinson highlighted that the previous governance system had struggled to scale to meet the needs of the Cardano ecosystem, leading to a backlog of issues and unfulfilled promises. With Voltaire in place, the community now has a more effective platform to voice their concerns and drive change.
“Now that Voltaire is here, the new governance is capable of listening and adapting to meet these needs and also executing a new roadmap to grow the ecosystem dramatically,” Hoskinson stated. He also emphasized the importance of addressing specific issues such as Cardano Native Assets (CNAs) and stablecoin support.
Hoskinson further differentiated Cardano from other cryptocurrencies, highlighting its commitment to transparency and community-driven governance. He criticized the backroom deals and market manipulation prevalent in other parts of the industry, emphasizing that Cardano’s approach is fundamentally different.
“The difference between Cardano and the rest of the cryptocurrency space is that we all do this together and out in the open,” Hoskinson said. “It’s why we are loathed by a lot of others. Their backroom deals and dirty tricks can’t be hidden because there is no one to ask to do it under the table.”
