Charles Hoskinson, the founder of Cardano, has recently addressed the negative sentiment surrounding the cryptocurrency. He attributed this negativity to the impact of Cardano’s new governance framework, Voltaire. Hoskinson explained that the negative sentiment is a natural outcome of Cardano’s transition to a decentralized governance structure, which allows users to raise their concerns in a public manner.
Hoskinson emphasized the importance of transparency in governance and contrasted Cardano’s governance model with other cryptocurrencies. He accused competitors of relying on “backroom deals and dirty tricks” to maintain control over their networks. In contrast, Cardano’s governance model is designed to be transparent and open, allowing users to have a say in the direction of the network.
Voltaire is a key component of Cardano’s governance framework, which is designed to be a self-sustaining system that is controlled by its users. The framework is designed to allow users to propose and vote on changes to the network, ensuring that the network remains decentralized and responsive to the needs of its users.
Cardano’s governance model is unique in the cryptocurrency space, as it is designed to be a truly decentralized system that is controlled by its users. This is in contrast to other cryptocurrencies, which are often controlled by a small group of individuals or organizations.
Despite the negative sentiment surrounding Cardano, Hoskinson remains optimistic about the future of the cryptocurrency. He believes that the transition to a decentralized governance structure is a necessary step in the evolution of the network and that it will ultimately lead to a more robust and resilient system.
