Cardano CEO Charles Hoskinson said on June 29th on X that the “bigest opportunity” for the development of its network is Bitcoin’s decentralized finances (defi). He emphasized the need for a centralized element For the implementation of that story.
In his statement, he emphasized it. Lack of Cardano’s competent foundationpoints suggesting a reassessment of decentralization, the central principles in many cryptocurrency ecosystems:
“The biggest problem is the lack of a competent foundation and executive authority that promotes these narratives in the universe’s mentality.”
Charles Hoskinson, CEO of Cardano.
In addition to Bitcoin-based initiatives, Hoskinson highlighted projects such as Leios, Hydra and Midnight as important opportunities. In that sense, Cryptonotics explained that the “first bridge” between Cardano and Bitcoin was recently constructed.
However, Hushinson considers that The lack of enforcement agencies that can promote these ideas is the biggest problem. “This explains why a lot of people ask me to represent the entire ecosystem,” he said.
The CEO will be discussing governance issues at a rare EVO event, suggesting that central adjustments may be required to capture “The next billion dollar increase”.
“Rare EVOs will become one of the most important events for us as they need to revise the issue of permanent governance, renew the constitution and discuss ways to launch the sovereignty background of wealth and show all the surprising innovations.”
Charles Hoskinson, CEO of Cardano.
But the initiative Collision with a distributed approach Characterizes the cryptocurrency ecosystem. Networks such as Ethereum Foundation (EF) concentrate their developments, or Solana and XRP Ledger (XRPL), which were overseen by the Solana Foundation (SF) and Ripple, respectively, face the ideal good and centralization paradox required for practice.
In such cases, Determinism is strongly influenced by those entities or unrecognised peoplereduces user participation and is similar to corporate operations.
These organizations have a major impact on the evolution of networks that move away from the ideal participatory model.
Finally, Hoskinson said that while the Cardano community evaluates its proposal, Input Output Global (IOG), a company that will lead himself and promote Cardano recruitment and evolution, will continue to “act as one of the leading ecosystem coordinators.”
