cryptopolitan.com
Cardano’s founder, Charles Hoskinson, is doubling down on his mission to transform blockchain governance.
In a recent post, he shared that Cardano is on the brink of achieving what he calls a decentralized revolution. Charles explained that the project is nearing its final milestones—approval of a budget system and a community-ratified constitution—steps he believes will make the platform unstoppable.
“It’s messy and tough,” he said of governance, “but it’s the only way to include everyone.” For Charlie, this is personal. “I’ll never apologize for being passionate about this outcome. It’s my life’s work.”
Cardano’s roadmap has been long and complex, but with these developments, the project is eyeing 2025 as the year it reaches full decentralization. The stakes? Nothing less than taking over the blockchain world.
Cardano’s Chang Hard Fork reshapes governance
The Chang Hard Fork, launched on September 1, represents a turning point for Cardano. This major upgrade pushed the blockchain closer to its ultimate goal: a fully decentralized governance system.
Key features included the introduction of a constitutional committee, improved on-chain voting mechanisms, and the much-anticipated rollout of Plutus v3, which brought more advanced smart contract capabilities.
The constitutional committee, acting as an interim governing body, was designed to oversee governance decisions during this transitional phase. It’s temporary, though—once the community approves the ratified constitution, the committee will dissolve.
From there, governance will rest entirely in the hands of ADA holders. Charles sees this as a step toward the Voltaire phase, the final stage of Cardano’s development roadmap. Voltaire envisions a blockchain that funds itself through a treasury system and gives ADA holders full control over its evolution.
In Charlie’s words, these upgrades are not about short-term price movements but about “ensuring Cardano thrives in the long run.”
The Chang upgrade also introduced Delegate Representatives (DReps), allowing ADA holders to vote indirectly through elected representatives. This system encourages wider participation while maintaining efficiency.
ADA struggles in a volatile market
While Cardano’s governance upgrades grab headlines, ADA’s market performance tells a different story. As of press time, ADA is trading at $0.934, down 3.26% in the past twenty-four hours.
Despite the current downturn, investor sentiment remains strong. The Fear & Greed Index for ADA sits at 74, signaling greed. Over the past month, ADA has seen gains on 67% of trading days, showing some resilience even amid market uncertainty.
Analysts predict ADA will continue to fluctuate, with a trading range of $0.934 to $1.10 expected for December. The average price is projected at $1.02, but much depends on broader market conditions, which is incredibly bullish thanks to incoming US president Donald Trump.