Cardano by Charles Hoskinson aimed for an ambitious goal: revolutionary blockchain governance

**Charles Hoskinson, the creator of Cardano, did not shy away from declaring bold visions for the future of his platform.** According to him, the project is on the brink of a fundamental transformation that will change the way blockchains are managed. Hoskinson sees a path toward what he calls a revolution in decentralized governance – and his mission is to lead Cardano through this uncertain terrain.

As he himself said, the governance journey is not easy: “It’s chaotic and difficult, but it’s the only way to include everyone.” For Charlie, it’s more than just technology – it’s his life's work. He doesn’t hide his passion: “I will never apologize for valuing it so highly. This is my lifelong endeavor.”

Breakthrough in October: Chang Hard Fork introduces significant changes

In early September, Cardano underwent a transformation through the Chang Hard Fork – an upgrade marking a pivotal moment in the network’s history. This development involved a series of key improvements that brought Cardano closer to a fully decentralized system.

The Chang Hard Fork introduced several important components: a new Constitutional Committee functioning as a temporary oversight body, more innovative on-chain voting mechanisms, and the long-anticipated release of Plutus v3, which expanded smart contract capabilities to a new level.

The Constitutional Committee was established as a transitional governance structure – once the Cardano community approves the final constitution, it will be dissolved. From then on, the network will be fully governed by ADA holders. This is a crucial step toward the Voltaire phase, the final stage of Cardano’s development plan.

Voltaire represents an ideal future: a blockchain funded through a treasury system where ADA holders have a decisive say in the project’s direction. As Hoskinson emphasizes, these changes are not aimed at short-term price fluctuations. It’s about “creating conditions for Cardano to thrive in the long run.”

Innovation also included the creation of Delegates (DReps), allowing ADA owners to vote indirectly through their elected representatives. This approach supports greater community engagement without sacrificing efficiency.

ADA on markets: between expectations and volatility

While Cardano’s technical progress captivates the developer community and decentralization advocates, ADA’s market behavior shows a different reality. As of the latest report, ADA is trading at $0.39, down 0.25% over the past day.

Sentiment around ADA remains intriguingly balanced. The fear and greed index for ADA stands at 50.50%, leaning toward bullishness. In the past month, ADA has recorded gains on 67% of trading days, indicating some stability despite market uncertainties.

Prognosticators expect ADA to continue oscillating within roughly $0.34 to $1.10, with an average price around $0.72. Future developments will heavily depend on broader macroeconomic factors.

Path to the peak

Charles Hoskinson sees 2025 as a milestone toward achieving full decentralization of Cardano. He estimates that with these technological changes and community approval of the constitution, the blockchain will become functionally unstoppable.

Cardano’s ambitions are not small – the project aims to become a leading force in the blockchain ecosystem. According to Hoskinson, it’s not just about the strength of the code, but also about everyone behaving responsibly. This is his perspective on how Cardano can truly reach a global scale.