Charles Hoskinson Bets on Cardano, XRP & Bitcoin 

Charles Hoskinson recently stated that XRP, Cardano, and Bitcoin all had a bright future in the digital ecosystem. The founder of Cardano recently voiced this opinion, affirming that these blockchains’ ecosystems are robust because they have surmounted numerous difficulties.

Charles Hoskinson claims that Cardano has more partnership opportunities than ever before, pointing to the network’s most recent collaboration with BitcoinOS, a provider of interoperability solutions and Bitcoin smart contracts, to enable Bitcoin liquidity on the Cardano network.

Hoskinson also talked about the conflict that has recently emerged in the Cardano community as the network works toward community governance between the Cardano Foundation, a nonprofit organization based in Switzerland tasked with encouraging the widespread use of the blockchain, and Input Output Hong Kong, the primary development company behind the network.

He emphasized that what has made Cardano strong is its capacity to overcome challenges such as these. He rejected assertions that the recent conflicts might affect Cardano’s capacity to form and sustain external alliances, directly echoing the opinions of prominent community member Rick McCracken.

Cardano Plomin Hard Fork Update 

Cardano Mainnet hard fork has been put forward on-chain for ICC and SPO ratification, according to a recent update from Intersect, a membership-based organization for the Cardano ecosystem.

The most recent on-chain governance features of Cardano will be made available by the Plomin upgrade.  This will enable full governance for the Mainnet as outlined in CIP-1694.  The delegate-approved Constitution will then be put up for community review on the chain after this upgrade.

A more decentralized decision-making process may result from this upgrade. The Voltaire era seeks to build a self-sustaining blockchain with strong governance features. A stable ecosystem depends on decentralized processes and increased community trust, which can be achieved with these features.

Cardano, XRP  Under Attack

The usefulness of two well-known layer-1 blockchains, XRP Ledger and Cardano, has been criticized repeatedly. Recent comments made by Ryan Selkis, a co-founder of Messari, have rekindled the debate and brought their communities back into the spotlight.

Ryan Selkis of Messari rekindled criticism of the XRP and Cardano communities’ utility and influence by referring to them as “the loudest, least valuable groups of bots.”. This is not the first time that Selkis has attacked Cardano and XRP supporters.

His strong views have garnered a lot of criticism over the years, but his standing in the cryptocurrency industry guarantees his remarks are taken seriously. However, Cardano and XRP communities have remained resilient. , data-driven rebuttals, and expanding transaction records point to a more promising future for them even though detractors like Selkis continue to minimize these networks’ potential

 

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ABOUT THE AUTHOR See More
Olumide Adesina
Olumide Adesina
Financial Market Writer
Olumide Adesina is a French-born Nigerian financial writer. He tracks, analyzes, and reports changes in financial markets with over 15 years of working experience in investment trading.
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