The post Cardano Remains “Number 1,” Says Charles Hoskinson appeared on BitcoinEthereumNews.com.

Cardano’s Charles Hoskinson states emphatically that his project is by far the number 1 blockchain in the industry. However, the price of its native token, ADA, is struggling to break out of a bearish trend that has been predicted to “drag” the asset to $0.23.  Cardano (ADA) co-founder Charles Hoskinson has declared that Cardano is the leading blockchain within the ecosystem with a significant edge in decentralized governance. Interestingly, this comes after CNF reported that Hoskinson is preparing to unveil a new roadmap at the Cardano Summit in Buenos Aires, Argentina. According to him, these “amazing items” on the yet-to-be-relessed roadmap would set them apart from other blockchains by a significant margin.  For those wondering, Cardano is still number 1. It’s not even close with Decentralized governance and all the amazing roadmap items coming— Charles Hoskinson (@IOHK_Charles) October 4, 2024 Recently, Cardano transitioned into a fully decentralized structure with an Interim Constitutional Committee overseeing its governance. The second phase of the transition, which is expected to come off, would empower the new governance bodies, according to the CTO of the Cardano Foundation, Giorgio Zinetti. Agreeing with Hoskinson’s statement, Zinetti disclosed that Cardano now has the largest layer 1 with on-chain governance.  I would say it is the biggest event in Cardano’s history, and it really makes us different from many other chains. I think we are the largest layer 1 with on-chain governance. There are some smaller players, like Tezos and Polkadot, who already have on-chain governance. But if there was a leaderboard, real decentralized layer-1s, we would be number one. Hoskinson’s Previous Criticism of Ethereum  Before the latest remark, Hoskinson labeled Ethereum as a “dictatorship blockchain” that extensively relies on its co-founder Vitalik Buterin for direction. Drawing insight from our earlier publication, Hoskinson argued that the Ethereum project would…

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Filed under: News - @ October 6, 2024 11:57 pm