Charles Hoskinson Talks About Cardano Development

Cardano founder Charles Hoskinson. (Photo; Doc. CardanoFeed)

JAKARTA - Cardano founder Charles Hoskinson recently expressed the emotional journey and major challenges he faced in developing Cardano's blockchain protocol over the years.

In his statement, Hoskinson admitted that this trip was full of criticism and difficulties, but was also driven by support from various parties who gave constructive comments about the ecosystem he was building.

Hoskinson explained that Cardano is a distributed system operating in more than 100 countries. He stressed that despite facing various challenges, Cardano protocols continue to operate stably, reflecting the decentralized nature of the foundation.

"Cardano has helped unite millions of people who have never met in person. This system continues to experience updates to increase capacity and capability," Hoskinson said.

Hoskinson also compared Cardano with other leading blockchains such as Bitcoin (BTC), calling Cardano's vision "far beyond" that Bitcoin has. "Cardano is a living entity that continues to grow and survive. Nothing can stop it. We have created something that lives together, and now we can all live in a world where he exists," he added in an upload on X on September 2, 2024.

One of the important updates Cardano faces is the launch of Chang's hard fork. On September 1, this highly anticipated update was successfully activated, marking a major change towards decentralized governance for the Cardano ecosystem. With this launch, ADA holders can now select governance representatives, bringing the era of "Voltaire" to the platform.

In this update, Cardano holders can also actively participate in voting for development proposals, which are expected to form Cardano's future. Chang's hard fork launch was originally planned early, but Hoskinson announced a brief delay in giving crypto exchanges such as Binance time to update their systems.

Based on CIP-1694, the official Cardano Improvement Proposal, the new community governance structure stipulates three governance bodies led by users: the Constitutional Committee, Delegation Representatives (dReps), and Pool Staking Operators (SPOs).

Cardano is now one of the first blockchain networks to implement a token-based governance system, with implementations to be carried out in two phases. The first phase involves the Interim Constitutional Committee introducing a Chang hard fork, while the second phase, which will be implemented in the next 90 days, will strengthen the new governance body.