Charles Hoskinson, the CEO of Input Output, recently addressed the negative sentiment surrounding Cardano and attributed it to the shift in governance to the Voltaire era. He acknowledged that there has been an increase in negativity on social media regarding Cardano, but he explained that this is a natural outcome of the new governance framework.
The Voltaire era is the final phase of Cardano’s development roadmap, aimed at introducing decentralized governance and making the blockchain self-sustaining. This transition allows ADA holders to have more control over the network’s future development and marks a shift towards a fully decentralized ecosystem where decisions are made openly by the global community.
Hoskinson emphasized that the negative sentiment is a result of pent-up grievances and unfunded growth strategies that have now surfaced due to the new governance model. He believes that addressing these concerns openly and collectively will allow the Cardano ecosystem to grow dramatically.
Transparency is a key aspect of Cardano’s governance model, with decisions being made openly on-chain by an active community across more than 100 countries. Hoskinson contrasted this approach with other cryptocurrencies that rely on backroom deals and dirty tricks, highlighting Cardano’s commitment to operating transparently.
Despite the criticism on social media, Hoskinson reassured the community that Cardano is not dying but thriving and growing under its decentralized governance. The transition to the Voltaire era represents a significant moment for Cardano, empowering the community with greater control over the project’s future direction and long-term growth strategies.
In conclusion, the negative sentiment surrounding Cardano is seen as a natural outcome of the shift to decentralized governance in the Voltaire era. Hoskinson’s transparency and commitment to addressing community concerns openly are key factors in ensuring the continued growth and success of Cardano in the long run.