Charles Hoskinson Speaks Out on Finishing Cardano
Cardano founder Charles Hoskinson has affirmed that the blockchain's development is complete, despite recent market fluctuations.
Cardano founder Charles Hoskinson has doubled down on his comments about completing the blockchain's development. In a recent livestream titled "Finishing Cardano," the founder maintained that his job with the project was done, responding affirmatively when asked if the roadmap was complete.
Hoskinson addressed the criticism following his remarks, with some speculating he had failed or was leaving Cardano. "My job is done with Cardano," he said, emphasizing there was no ambiguity in his statements.
Remarkable Growth
To counter claims of failure, Hoskinson revisited Cardano's launch in 2015, recalling a crowd sale that raised $72 million with ADA priced at less than 0.2 cents per token. "We built a network that went from a $72 million valuation to an all-time high of $100 billion," he stated.
Even in its deflated state, everybody's saying it's destroyed and it's a dead coin and all these other things. It's $6 billion. It went from 72 to six.
Project Achievements
Hoskinson specifically reiterated that the Cardano roadmap is not being abandoned, highlighting the project's accomplishments. "We delivered a fully decentralized, recursively self-improving ecosystem. We left behind a community-led and community-owned treasury that, at its all-time high, had $4 billion in value, and initiated a constitution."
The founder emphasized Cardano's governance system as a key achievement: "We built an entire on-chain governance system, wrote a constitution, got the entire community involved, and created a recursively self-improving system that's fully decentralized—the most decentralized cryptocurrency on the planet."
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