Hoskinson praises Cardano community as Voltaire update gains momentum

Charles Hoskinson, founder of Cardano, emphasized the crucial role of the Cardano community in the development of the project. Hoskinson praised community members, calling them the best entrepreneurs. He believes that the recent Voltaire update gives Cardano users the opportunity to create an exceptional governance system.

Read also: Charles Hoskinson on why Voltaire matters

Hoskinson’s comments follow a report from a developer who claimed he sold all his assets, including his house, to work on Cardano. The user described his sacrifices and expressed his strong belief in the project.

Voltaire’s update

Cardano ushered in the era of Voltaire a few months ago with a successful hard fork. This is the final stage of Cardano’s roadmap. Voltaire provides Cardano with the tools to become a completely autonomous system, eliminating centralization and introducing a voting and treasury system. Network participants can now use their shares and voting rights to influence the future development of Cardano.

The Voltaire update has increased confidence in the Cardano community. Many members feel ownership of the project given their ability to participate in governance. The Cardano community, led by Hoskinson, prides itself on creating a decentralized blockchain network.

The recent growth of ADA reflects the growing level of trust among members of the Cardano community and suggests significant growth for the blockchain network. The cryptocurrency surged 134% in less than two weeks, rising above $0.74 for the first time since March.

Continued capital inflows could see ADA reclaim its yearly high of $0.81 and pave the way for more prominent rallies as the cryptocurrency market plunges deeper into the bull cycle. At the time of writing, ADA was trading at $0.742, down about 77% from the all-time high of $3.16 reached during the 2021 bull rally.