Charles Hoskinson has defended Cardano’s transition to the Voltaire era, which is expected to strengthen governance and innovation, but market analysts have raised some cautions regarding the ADA price.
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at its current price of $0.342696, blockchain founder Hoskinson emphasized the importance of the Voltaire period in response to increasing criticism. He stated that this phase aims to solve long-standing problems and improve governance. Hoskinson stated that the Voltaire period is a critical step to unlock the potential of the Cardano ecosystem and marked the transition to community-driven governance mechanisms. He also emphasized that this transition is not a failure, but a strategic move to strengthen Cardano’s foundations.
“As we enter the Voltaire era, new governance mechanisms will have the ability to listen and adapt to meet these needs, providing a new roadmap to significantly grow the ecosystem,” he said.
Governance and Innovations
Hoskinson stated that the Voltaire era will allow the Cardano network to make changes directly based on community feedback, and that these developments are vital for adaptability and the blockchain ecosystem. In addition, the introduction of the Midnight network, which focuses on privacy and secure smart contracts, has demonstrated Cardano’s commitment to innovation and security. Hoskinson stated that this step ensures that Cardano remains the leading technology in the blockchain space.
Market Responses and Future Perspectives
Despite Hoskinson’s optimism, market analysts are expressing concerns about the ADA price. While analyst Max Keiser has stated that the ADA price is at risk of falling by 90%, this estimate is perhaps considered a bit exaggerated. These speculations are related to the general market uncertainty as well as issues on the Cardano network.
Charles Hoskinson stated that Cardano’s success is based on its sustainable growth and innovation ability, saying, “Cardano is not dead. It is reviving and growing.”
Cardano’s Voltaire era aims to take steps focused on governance and innovation, developing the ecosystem, and building resilience against market uncertainties.