- Despite criticism, support from the community fuels Hoskinson’s commitment to overcoming challenges in the crypto space.
- Hoskinson claims Cardano’s technical achievements surpass those of Bitcoin, highlighting its robust, uninterrupted operation.
In a detailed reflection shared on his X account, Charles Hoskinson, has marked the ten-year anniversary of his public life and the development of the Cardano network. This coincides with the recent activation of the Chang hard fork, an update within the Cardano blockchain.
“I took a drive alone, which I rarely do since getting a security detail, and shared the moment with everyone. It was something I felt appropriate because so many of us went on this journey together and are also feeling so much that it is sometimes hard to express in words.” – Charles Hoskinson
Hoskinson’s journey over the past decade has been fraught with both challenges and emotional highs. He described his experience as a series of intense challenges and obstacles that he and his team had to bring Cardano to its current state.
One of the deepest lessons I've taken to heart over the past decade is that becoming a public figure means you turn into a human rorschach test where those who don't like you will take any post or comment and assume the worst possible interpretation.
Working on Cardano this…
— Charles Hoskinson (@IOHK_Charles) September 2, 2024
Despite the critical reception from parts of the crypto community, who often misinterpreted his communications, Hoskinson noted the support from many who understood and appreciated his efforts. This support has been a source of comfort amidst the broader skepticism that often plagues new initiatives in the crypto space, where scams and distrust are rampant.
In his post, Hoskinson expressed a strong conviction about Cardano’s achievements and its future. He emphasized that Cardano represents one of the greatest technical accomplishments in human history, citing its robust, distributed blockchain system that now operates across over a hundred countries.
This dwarfs Bitcoin. It’s unique, and books will be written about what has happened. Cardano is now a governance virus that is living, self- replicating, and self-sustaining. It has intelligence and a will to survive and grow. Nothing can shut it down. Nothing can stop its growth. – Charles Hoskinson
According to him, the network has maintained continuous operation without shutdowns, and the seamless upgrade process during the Chang hard fork exemplifies its robust architecture and decentralized nature.
Hoskinson went further to compare Cardano’s impact and technological innovation favorably against Bitcoin, suggesting that Cardano’s approach and capabilities far exceed those of Bitcoin.
He described Cardano as an “unstoppable virus” within the crypto market, highlighting its self-sustaining characteristics that contribute to its growth and resilience against shutdowns or external control.
Where all of this could go is what I was thinking about while driving. We created something alive together. Now we all get to live in a world where it exists. – Charles Hoskinson
Looking ahead, Hoskinson sees a long journey toward repairing the damages and overcoming the greed that has tarnished the broader crypto. His vision for Cardano is not just about maintaining a cryptocurrency but nurturing a self-sustaining and evolving ecosystem that can outlast the fluctuations and challenges of the crypto market.
The current technical analysis of Cardano (ADA) indicates that the price is consolidating within a narrow range, showing signs of indecision in the market. Key support levels are around $0.35, with resistance near $0.40.
The Relative Strength Index (RSI) is neutral, hovering around 50, suggesting neither overbought or oversold conditions.
The Moving Average Convergence Divergence (MACD) is flat, indicating a lack of strong momentum in either direction.
A breakout above $0.40 could suggest a bullish trend, while a drop below $0.35 might signal further bearish pressure.
