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HomeCrypto NewsMarket"One Small Step for Cardano," Hoskinson Announces Cardano Independence Day

“One Small Step for Cardano,” Hoskinson Announces Cardano Independence Day

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This article captured the key points and quotes in Charles Hoskinson’s declaration of Cardano’s independence.

Cardano founder Charles Hoskinson made an emotional statement on Sunday before the Chang upgrade. In an X video captioned “One small step for Cardano; one giant leap for the industry,” Hoskinson reflected on the network’s journey and declared the day the network’s independence day.

According to Hoskinson, Sunday’s notable milestone was when the Cardano community stood as equals, shaping the protocol’s future. In his words, “September 1st, 2024, a day where we declare independence day… every holder of ADA stands shoulder-to-shoulder as equals.”

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The founder noted that he didn’t choose the cryptocurrency sector over every other field because of the industry’s ability to shape the world differently. He said, “This is the only industry that I saw that had a legitimate chance to have a front-row seat at changing the economic, political, and social systems of the world.”

Hoskinson’s flair for cryptocurrencies is evident in his numerous endeavors. He co-founded the Ethereum network alongside Vitalik Buterin before moving on to create the Cardano network in 2015.

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Bold Statements on the Voltaire Era

Hoskinson stated that the newly debuted Voltaire era has the most extensive governance in the crypto industry and incorporates a participatory system of governance that empowers the community. “Voltaire is the single biggest experiment in governance in the history of our industry,” he said.

He further noted that Cardano’s new system addresses good governance, which has been humanity’s biggest problem. With Voltaire’s decentralization, Hoskinson stated that the blockchain would thrive globally, with little or no influence from the United States.

“The decentralization of Cardano and the de-Americanization of Cardano… reflects our commitment to global inclusivity,” Hoskinson said.

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Part of the ploy to extinguish such centralization is the gathering held around six continents worldwide to elect delegates to help draft a constitution. He stated that “workshops are being held on six continents in 50 countries… to propose a draft constitution to be approved and ratified by an on-chain process.”

The Cardano founder noted that “the community now has the responsibility to govern and decide the future of Cardano, emphasizing collaboration and avoiding fragmentation.”

“Governance is not about getting what you want; governance is about explaining what you want, listening to others, and finding a third option,” he added.

Hoskinson stated that the Cardano ecosystem will play a unique role in ensuring that governance becomes what it should be. He noted that Cardano was a vision for all and had long-term principles that differentiated it from other chains.

“Cardano was infrastructure built by and for the world… it’s built for the human race as a whole.”

Hoskinson Talks Future Plans

Despite reduced contributions to the Cardano ecosystem, Hoskinson said that he would love to continue building on the network, keeping his eye on decentralized AI and social networks. The Crypto Basic earlier reported that the founder teased an AI-related partnership with the Alogorand network.

“I’d like to build on Cardano; it’s my life’s work… to create protocols and applications that can change people’s lives,” he said.

Hoskinson stated that the Cardano network has affected him, but he remains enthusiastic about the network’s future. He hinted that he has a proposal for Cardano 2.0, which he would present to the community for a vote.

In conclusion, he stated that the success Cardano has seen over the years is rooted in unity, oneness, and strong collaboration as a global community.

“The point of Voltaire is to be the first cryptocurrency where that doesn’t have to happen… where we have enough in common that we can find a way not to fragment and diverge,” Hoskinson said.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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