Cardano (ADA) founder Charles Hoskinson stated that the ADA ecosystem needs to regain its strength by highlighting the network’s decentralized governance structure and the upcoming Leios update.
Hoskinson stated that the Cardano community can determine the future of the network without needing any central authority. He explained that the community can come together to create a roadmap, allocate resources for this plan, vote, and implement the accepted changes, arguing that Cardano is a truly decentralized ecosystem that is constantly evolving itself.
Hoskinson announced that Leios will be Cardano’s next major technical update, claiming that this upgrade will increase the network’s performance by approximately 60 times. He stated that Leios is expected to be rolled out soon and will create a significant leap in Cardano’s technological capabilities.
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Hoskinson described Cardano as one of the “blue chip” projects in the cryptocurrency market, stating that the project will continue to exist regardless of market conditions. Hoskinson said, “No matter what you do, Cardano will always be here and will continue to make its presence felt.”
Hoskinson stated that Cardano is technologically stronger than it was in 2024, but acknowledged that its market position, brand value, and respect within the industry have declined. He indicated he would take the necessary steps without delay to put ADA back on the right track and bring it back to a winning position.
Hoskinson also argued that Cardano deserved its success, while expressing his dissatisfaction with the weak branding, marketing, and adoption efforts within the ecosystem.
*This is not investment advice.
Continue Reading: Charles Hoskinson Announces Major Update for Cardano: “It Will Be 60 Times…”