Cardano (ADA) remains a name that often comes up in discussions and is often criticized. Recently, Charles Hoskinson, a key figure behind Cardano, shared his vision and confidence in the project in a post on the social media platform X. “We have the best path to innovation,” is one of the statements he makes in the message. The post is in response to a negative video by well-known crypto influencer BitBoy, which stated that Cardano is “really dead now.”
Big Cardano update is getting closer
In his message, Charles Hoskinson highlights Cardano’s strengths, including its focus on scalability, governance and innovation. The project, which is often criticized for its relatively slow development, is seen by Hoskinson as an ecosystem with a robust vision for the future.
“We have the best path for scalability, governance and innovation. “We also have the best community,” he says.
A major development is expected soon with the Chang hard fork, which promises significant progress in solving the blockchain trilemma through Ouroboros Leios. This is an update intended to increase the capacity of the network.
This would be one of the biggest advances in realizing a scalable, secure and decentralized blockchain. In addition, research within the Cardano ecosystem has been intensively expanded, says the network’s co-founder. The project has now published 209 papers that contribute to a faster translation of research into practical applications.
“I wouldn’t bet against a network that’s been online 24/7 for 2,300 days.”
What sets Cardano apart, according to Hoskinson, is not only the technological advances, but also the strength of the ADA community and the structure of the project. Hoskinson points to the platform’s unparalleled track record:
“I wouldn’t bet against an ecosystem that has the ability to engage and unleash millions of people, has its own investment fund, and has never failed in over 2,300 days of 24/7 availability.”
Cardano’s on-chain investment fund called Catalyst allows ADA holders to vote on projects the fund should invest in. The current fund, Fund11, has more than 46 million ADA to distribute, with a value of more than 24 million euros.
Hoskinson also criticizes the industry’s tendency to be guided by short-term views and superficial hype. He draws parallels to the AI industry, where rapid changes and new developments often attract attention. Hoskinson concludes:
“Winners have a foundation that lasts for generations and a community that respects and nurtures that foundation. There is no replacement for this reality.”
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