Charles Hoskinson Unveils a Bold Vision to Run a Nation-State on Cardano by 2030

Cardano founder Charles Hoskinson has shared a bold vision that may drive better decentralization and self-governing systems in the protocol.

Cardano founder Charles Hoskinson has shared an ambitious vision that could drive greater decentralization and self-governing systems within the protocol. In a video message on X, Hoskinson outlined the reasons why his plans are feasible.

Among his boldest claims is the possibility of Cardano being used to govern a nation-state by 2030. According to Hoskinson, the blockchain is capable of handling such a task.

Cardano To Be Used As a Tool Against Centralization

Hoskinson expressed his belief that Cardano could be used to support the governance of a nation-state with a population in the millions. This would entail using the blockchain for voting, governance, and currency management.

The aim is to create a decentralized system that operates smoothly on smart contracts and on-chain decision-making.

The Cardano founder maintained that this vision is achievable if the community is bold enough to pursue it. He highlighted that everything needed to build such a decentralized system—the people, resources, and technology—is present within Cardano. In his words,

“We can hold a revolution and take back our digital life.”

Hoskinson sees the ecosystem as a means to empower individuals in the fight against centralization. He hopes to see people reclaim their data, privacy, and governance from centralized systems. Hoskinson called for collective action, determination, and coordination from the Cardano ecosystem.

He hinted at an upcoming referendum that will demonstrate the Cardano community practicing its core belief. At this event, the on-chain government will decide on the path for Cardano. With the work of the past 7 years, he anticipates that Cardano should pull it off.

Hoskinson did, however, urge members of the community to avoid getting sucked into blockchain comparisons. He emphasized that all blockchains share the same goal, which is to use blockchain technology to combat centralization and build a better future for people.

Cardano’s Technological Progress To Drive The Future

The Cardano network has seen several upgrades and appears ready for Hoskinson’s grand vision. The latest is the Chang hard fork, which introduced the on-chain governance features.

Meanwhile, the Cardano weekly development report shows preparations for the node v.10.0 release are underway. Mithril distribution 2442.0 has also been released, while Catalyst Funds13 reviews are in progress.

As for the state of the blockchain, it has built 1,376 projects and delegated 1.316 million wallets. The protocol has also processed a total of 97.92 million transactions thus far.

In his video message, Hoskinson tasked community members with stopping blockchain comparison. This influenced the decision of EMURGO, the commercial branch of Input Output Global, to partner with BitcoinOS.

The duo collaborated to launch a bridge for the Layer-1 network. Cardano and Bitcoin blockchains can now connect using the BitcoinOS Grail Bridge.

The goal is to drive liquidity flow across both chains. As per the BitcoinOS protocol, with the new linkup, users could benefit from the zero-knowledge cryptography that powers the Grail Bridge.

What Is the Impact on ADA Price?

These developments within the Cardano network have seen the community maintain bullish sentiments. However, this is yet to help push up ADA’s price in the financial market. At press time, ADA’s price has lost 4.90% to trade at $0.3284

In the last 24 hours, Cardano’s trading volume has soared by 73.85%, reaching $440.58 million. Despite the price outlook, this spike might indicate the community’s confidence in the ecosystem.