Charles Hoskinson Responds to Cardano (ADA) Negativity: Voltaire Era Is Exactly What the Project Needed

Charles Hoskinson, the founder of Cardano, has responded to the recent negativity surrounding the project on X. He says this negativity is actually a good thing

Cardano founder Charles Hoskinson has addressed the recent negativity around the project on X, highlighting its significance in the context of Voltaire.

Voltaire aims to enhance Cardano's decentralization and empower the community. This is crucial as there are several outstanding issues, such as those related to Cardano Native Assets (CNAs) and stablecoin integration, that need to be addressed.

Hoskinson explained that a buildup of grievances and unmet needs has occurred over the years, including unexplored roadmap items, underfunded growth strategies, and partnerships that are yet to launch. He expressed optimism that the new governance structure will effectively resolve these challenges.

Cardano's Voltaire phase enables the community to participate in decision-making and contribute to shaping a growth roadmap for the ecosystem.

Highlighting the need for governance that can scale with the ecosystem, Hoskinson admitted to having his own list of outstanding issues, particularly around Cardano Native Assets (CNAs).

For instance, challenges such as asset custody and liquidity still need to be addressed. However, with Voltaire's governance, there is now a glimmer of hope for resolving these issues.

Moreover, Hoskinson elaborated on what sets Cardano apart from other cryptocurrencies. Strikingly, Cardano is transparent, unlike most projects that engage in backroom dealings.

He emphasized that due to Cardano's decentralized governance, it would be difficult for anyone to manipulate the system because all the decisions are made openly.

The entire Cardano project is managed by its community, which is spread across over 100 countries. According to Hoskinson, this is why the project gets criticized but also stands out.

Cardano's focus, as described by Hoskinson, still lies on being a true cryptocurrency. He highlighted that it is one of the few projects resisting influence from large financial institutions like BlackRock and Wall Street.

The aim is long-term growth and not short-term market manipulation or financial handouts.