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Charles Hoskinson, the founder of Cardano and Input Output Global, has emphasized the urgent need for strong leadership within the network if it is to effectively lead the way in the development of Bitcoin decentralized finance (DeFi). While Cardano has made significant progress in decentralization, security, scalability, and integrity, the absence of a centralized executive voice is hindering its ability to effectively communicate its achievements to the broader cryptocurrency market.
Hoskinson stressed that despite advancements in these areas, Cardano still lacks a structured leadership narrative due to the lack of formal executive authority. This oversight has led to misinformation and personal attacks from within the community, which he believes are obstacles to growth. The upcoming Rare Evo event is expected to address these issues with proposed updates aimed at aligning Cardano’s governance structure with its future goals.
Hoskinson also highlighted that Cardano’s treasury will be reformed to incorporate a TWAP strategy for allocating funds, potentially converting 5-10% of its reserves into Bitcoin or stablecoins. This move mirrors the accumulation strategy employed by MicroStrategy and could help stabilize ADA price while fostering a more robust ecosystem.
Source: coincentral.com
