Charles Hoskinson, founder of Cardano, has confirmed his final role in ensuring Cardano's smooth transition to community governance post-Chang hard fork.
Hoskinson's Final Role
Charles Hoskinson detailed his concluding role in Cardano's transition to community governance. He noted emotional pressure from some community members and assured his decade-long dedication to Cardano's roadmap, emphasizing his avoidance of self-enrichment at the ecosystem's expense.
The Voltaire Era and 2025 Plans
A critical part of the network's next phase, the Voltaire Age, involves the approval of a budget and a constitution for decentralized governance. Hoskinson confirmed these are scheduled for 2025, committing to their implementation to ensure community independence in determining Cardano's future.
Impact on ADA Token
Cardano's shift to decentralized governance could affect its native token, ADA. At the time of reporting, ADA was valued at $0.8483, reflecting a 2.78% decrease in 24 hours. Despite market volatility, analysts predict a potential rebound to its ATH of $3.099 in 2025.
Hoskinson's latest comments underscore his commitment to ensuring decentralized governance for Cardano. The ecosystem's evolution is expected to shift significant decision-making power to the community, aligning with blockchain technology principles.
