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Charles Hoskinson, the founder of Cardano and IOG, has highlighted how exceptional the $ADA ecosystem’s governance system is.
In September 2024, Cardano set the stage for a fully decentralized network protocol after the Chang hard fork ushered in the Voltaire era. This process was completed with the Plomin hard fork in January 2025. Currently, major stakeholders claim Cardano is the biggest in the crypto space in that parameter.
Key Points
- Charles Hoskinson, the founder of Cardano, has highlighted how exceptional the $ADA ecosystem’s governance system is.
- The founder noted that Cardano has a huge treasury, with data showing the ecosystem’s bag holds 1.65 billion $ADA, worth $429 million at the current market price.
- Hoskinson also stated that Cardano has the largest decentralized autonomous organization (DAO) in the crypto space in terms of population and voting.
- He noted that retailers cannot adopt Cardano because it has some intrinsic superiority over its competitors, but because of its experience and utility.
- If Cardano builds utility, Hoskinson claimed it will surpass its competitors and grow tremendously.
The Sophisticated Cardano Governance System
Hoskinson highlighted the “capable” Cardano governance system in a recent podcast, calling it the most sophisticated in the industry. He did so while emphasizing why the ecosystem has no excuse to fail.
The founder noted that Cardano has a huge treasury. Notably, data confirms this, showing that the current treasury reserve stands at 1.65 billion $ADA, worth $429 million at the current market price. For the uninitiated, the community uses these funds, derived from a portion of transaction fees and block rewards, to facilitate ecosystem development.
Further, Hoskinson stated that Cardano has the largest decentralized autonomous organization (DAO) in the crypto space in terms of population and voting. Part of the features of a DAO is inclusion and broader user participation, and he noted it is the only one in the top 10 cryptocurrencies with such huge capability
Spotlighting these perks, the Cardano founder noted that they become useless if the ecosystem cannot utilize them correctly. Particularly, he stated that it was being decisive in what they want to achieve with its fundamentally different governance system.
How Cardano Can Thrive
Further, he pointed out that retailers cannot adopt Cardano because it has some intrinsic superiority over its competitors. This suggests that being theoretically better than rivals like Ethereum and Solana does not directly translate into user traction.
However, what is more important for broader adoption is user experience and real utility. He noted that the crypto industry has shifted from the era of infrastructural differentiation to adoption based on use case.
If Cardano does this, he claimed it will surpass its competitors and grow tremendously. Notably, this is part of the reason behind the formation of Pentad.
Hoskinson Is Committed to Cardano
The founder also highlighted that he has been committed to Cardano for a decade. He expects the community to join this course and fight as a team to accelerate its growth.
Interestingly, he noted that Cardano has the capacity to thrive. The infrastructure and the resources are at their disposal, and with limited time, the ecosystem needs to stand together and become a “shining beacon” for the space.
Additionally, Hoskinson emphasized that Cardano cannot afford to fall. If they do, it is not just $ADA that failed, but the broader crypto sector’s freedom as well.