Charles Hoskinson: Cardano has grown up – now there is a new phase of life
- Cardano reaches its complete decentralization because governance is now in the hands of the community.
- Founder Charles Hoskinson Sprch from the climax of his vision for a self -administered network.
Cardano is now fully decentralized, a real milestone for the blockchain industry. Charles Hoskinson announced the transition while in a live stream entitled “See You on the other Side” on April 12th.
In retrospect to more than a decade of development, he said that this was the highlight of his vision for a self -administered network. Together with this announcement, he revealed a risky personal journey and indicated that he would withdraw from public leadership.
Relocation of governance to the community
After his return from Paris, Hoskinson expressed his house in Colorado and explained the formal governance transmission of the Cardano system. He said that Cardano had entered a fully decentralized era through the Voltaire governance framework.
There is now a ratified constitution and an on-chain roadmap. Almost 1000 Dres (delegated representative entities) are registered and the influence is distributed across the entire community.
He mentioned a Governice Transition Committee, which was partially elected and is to be fully elected this year. The budget talks between the delegates and the action plans will be completed in 60 to 90 days. Hoskinson:
„I wanted to build something on which I can work all my life, but I didn’t want to be a dictator or king.“
The Cardano development community is also becoming increasingly diverse. At a recent node diversity workshop in Paris, he met with contributors from Pragma, Txpipe, Blink Labs and Harmony.
These teams build independent Node implementations to improve the resistance of the protocol. He even met with some Ethereum employees who joined the discussion and showed the possibilities of interoperability.
Midnight expansion and personal crossroads
Hoskinson also mentioned Midnight, Cardanos coming and focused on privacy blockchain protocol, as part of the next chapter for the platform. He described it as a way to attract millions of users and support hybrid applications that combine Bitcoin, Ethereum, Solana and Cardano.
At the age of 37, he was on a crossroads in life. He admitted that after a decade he was burned out in the crypto industry and is interested in pursuing other things outside the industry.
“I was chained for the past decade,” he said, referring to personal projects in cattle breeding, synthetic biology and even an “alien recovery expedition in Papua New Guinea”.
He described the upcoming journey that he did not want to go into more detail as high -risk and life -threatening. He had prepared for over a year:
“When I survive – which is very likely, I will record it and publish it after my return.”
He concluded with the statement that Cardano was durable and indicated a future with less direct participation.
“All elements of centralization were removed … that was my life’s work and I am proud of it.“
When writing this article, Cardano is traded at $ 0.6479 and has fallen 0.8% in the last 24 hours.
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