Cardano founder Charles Hoskinson has taken to social media to respond to the criticism the Cardano ecosystem has faced recently.
In a message posted on X, Hoskinson expressed confidence in the future of the Cardano ecosystem, citing an integrated approach to scalability, governance, and innovation.
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"Seeing everyone jump on Cardano makes me smile a little. As an ecosystem, we hold all the cards. We have a better path to scalability, governance, and innovation," he wrote.
In addition, Hoskinson pointed to two major upgrades that could not only support but also strengthen and grow Cardano. One is the Chang hardfork, which is expected in the second quarter of this year and will be the biggest upgrade to the network since the launch of Vasil in 2022.
Chang will introduce the concept of community management and collaboration, making Cardano a fully decentralized blockchain. The upgrade will allow ADA holders to use tokens to vote on project development proposals.
The second key moment for the Cardano network will be the implementation of Ouroboros Leios, a new model of proof-of-stake consensus mechanism, the main goal of which is to increase the throughput, scalability, and speed of transactions while maintaining the current level of decentralization.
Earlier, the founder of the popular YouTube crypto channel BitBoy Crypto, Ben Armstrong, published a video explaining why he believes the Cardano token (ADA) is dead.
"The problem with our industry is that we allow short-term narratives and carnival sideshows to dominate the conversation," the Cardano founder said.
"I wouldn't bet against an ecosystem that can engage and unlock millions of people, has a sovereign wealth fund on the blockchain, and has never failed in over 2,300 days of 24/7 uptime," he added.
It is worth noting that Cardano Ghost Fund co-founder Chris Oh, known by the nickname @TheOCcryptobro on his X page, presented his prediction of further movement of the ADA token price. According to his vision, the token has two possible paths that will lead to a significant price increase.
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He noted that the first price scenario is conservative and depends on the general direction of the broader cryptocurrency market. And the second scenario for ADA is based on three parameters: the ADA/BTC pairing, Cardano's dominance in the overall cryptocurrency market, and a comparison of Ethereum (ETH) gains in the last cycle.
At the time of writing, ADA is trading at $0.6075, showing a gain of 2.43% in the last 24 hours.
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