TL;DR
- Charles Hoskinson is working to achieve a “decentralized revolution” with the implementation of the Chang Hard Fork and key governance improvements.
- Community participation: the introduction of Delegate Representatives (DReps) facilitates decision-making without sacrificing efficiency.
- Long-term optimism: ADA rises 3.7% to reach $1.1 as Cardano moves closer to the Voltaire phase, the goal of fully decentralized governance.
Cardano is moving towards full decentralization with significant updates in its governance, according to statements from its founder, Charles Hoskinson.
The platform, known for its meticulous and long-term approach to blockchain technology, is about to overcome the final obstacles on its path to fully autonomous, community-managed governance. Hoskinson reaffirmed his pursuit of this goal, describing it as a “decentralized revolution” and asserting that recent advancements are bringing Cardano closer to becoming an unstoppable system in the blockchain space.
One of the most important achievements in this process has been the implementation of the Chang Hard Fork, an update that introduced substantial improvements to the network’s governance infrastructure. Among the most notable changes is the creation of a provisional constitutional committee, tasked with overseeing important decisions during this transitional phase.
This committee will be dissolved once the community formally approves a constitution, a step that will consolidate decision-making power in the hands of ADA holders, the network’s native token. Additionally, the update incorporated advanced on-chain voting mechanisms and enabled the launch of Plutus v3, an improved version of Cardano’s smart contract language, optimizing its efficiency and technical capabilities.
Charles Hoskinson: Cardano Redefines the Standards of Decentralization
According to Hoskinson, the community participation has been central to these advancements. Thanks to the introduction of Delegate Representatives (DReps), users now have the ability to exercise their voting rights indirectly through elected representatives, which promotes greater inclusion without compromising the efficiency of decision-making processes. These changes pave the way for the Voltaire phase, the final stage of Cardano’s development plan, in which the network will feature an autonomous treasury system and fully decentralized governance, managed by its global community.
However, while the governance improvements have generated excitement, the market has shown volatility. ADA has experienced numerous fluctuations, reflecting periods of uncertainty. Despite this, investor optimism persists, driven by long-term prospects and the network’s steady progress. In the last 24 hours, ADA rose 3.7%, reaching a value of $1.1 per unit.
For Hoskinson, these improvements are not just technical innovations but a guarantee of sustainability and growth for Cardano’s future. With an eye on 2025, the platform aims to solidify its position in the industry, demonstrating that a structured and community-driven approach can redefine the standards of decentralization
