Summary
TLDR: Charles Hoskinson is optimistic about Cardano’s upgrades, including the Chang hard fork and Ouroboros Leios consensus mechanism. These aim to enhance infrastructure and empower ADA holders. Financially, ADA has stabilized, with potential for a surge if it breaks resistance at $0.5963. Ben Armstrong criticized Cardano’s performance compared to competitors like Solana. Grayscale Investments removing ADA from its fund reflects changing investor sentiment.
Key Points
1. Charles Hoskinson is enthusiastic about the Chang hard fork and the Ouroboros Leios consensus mechanism upgrades for Cardano (ADA).
2. These upgrades aim to refine Cardano’s infrastructure in response to the growing demands of the blockchain community.
3. The Chang hard fork will empower ADA holders with voting rights, moving towards a more decentralized balance. The Ouroboros Leios upgrade will boost transaction efficiency and scalability to maintain Cardano’s position in the competitive blockchain ecosystem.