"We Hold All the Cards": Cardano Founder Predicts Major Upgrade

In a bold response to skeptics, Charles Hoskinson, founder of Cardano, proclaims, "We hold all the cards," setting the stage for a monumental upgrade that promises to transform Cardano's ecosystem.

With the Chang hard fork on the horizon and the revolutionary Ouroboros Leios, Cardano is poised to tackle the blockchain trilemma head-on.

Join us as we delve into what these advancements mean for the future of Cardano, a blockchain platform that refuses to be counted out.

Cardano Boasts Strengths in Scalability, Governance, Innovation, and Community

Charles Hoskinson, the founder of Cardano (ADA), countered critical views of the Cardano ecosystem on April 8, 2024, stating, "As an ecosystem, we hold all the cards."

This statement came in response to a video posted by Ben Armstrong, a cryptocurrency influencer known as "BitBoy," which hinted at ADA being "dead." Hoskinson elaborated that "Cardano is on the best path in terms of scalability, governance, innovation, and possesses the best community."

Additionally, he emphasized the imminent "Chang hard fork," a significant upgrade for Cardano, highlighting the "Ouroboros Leios" that will substantially improve transaction performance. "Ouroboros Leios represents the greatest advancement towards solving the blockchain trilemma," he stated.

The Next Major Upgrade to Solidify Cardano Even Further

The Chang hard fork, marking the first hard fork in the final phase of the Cardano roadmap, known as "Voltaire," is garnering attention as a crucial upgrade that will enhance community-led governance for Cardano.

The Ouroboros Leios upgrade aims to significantly boost transaction processing capabilities without compromising the decentralized nature of the system, which is expected to substantially increase transaction speeds.

Dan Gambardello, founder of "Crypto Capital Venture" and a supporter of Cardano, also commented on criticisms of Cardano, noting, "The reason people criticize Cardano is that its price hasn't surpassed one dollar, essentially showing a lack of patience."

Details about Cardano's upcoming major upgrades have been elaborately discussed in an article published by "EMURGO," the official commercial arm of Cardano, at the end of last year.

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