Cardano is fully decentralized, Hoskinson will exit

Charles Hoskinson, the mastermind behind Cardano, just dropped a bombshell.

In a livestream titled “See you on the other side,” he declared that Cardano has finally reached full decentralization, so he’s taking a step back, and not just from Cardano.

Drumroll, he’s doubling down on a personal journey that could be his last. Talk about a dramatic exit strategy.

Community

Hoskinson’s message was clear, Cardano’s governance is now in the hands of the community.

After a decade of building, they’ve passed a constitution and are moving towards fully democratic elections.

It’s a significant shift, transferring power from the founding entities to the people. Hoskinson compared it to Satoshi Nakamoto’s departure from Bitcoin, emphasizing that decentralization is key to true growth.

But what’s really interesting is Hoskinson’s personal journey. At 37, he said he’s feeling the weight of a decade-long commitment to Cardano.

He’s been exploring other passions, from ranching to synthetic biology, and now, he’s taking on something truly dangerous.

He said it’s about finding fulfillment outside the crypto bubble, as he’s tired of the market’s obsession with price movements and wants to focus on innovation and impact.

Growth

Hoskinson also highlighted Cardano’s growing technical diversity, with independent teams contributing to the ecosystem.

There’s even talk of interoperability with Ethereum, showing that Cardano is ready to play nice with others.

And let’s not forget Midnight, a new privacy-focused protocol that could bring millions of users into the fold.

Exit

So, what’s next for Hoskinson? He’s preparing for the “long brutal march” ahead, with projects like Hydra scalability and Minotaur’s AVS ambitions on the horizon.

But for now, he’s taking a leap of faith, both personally and professionally. Cardano’s resilient, and it’s here to stay.

Whether Hoskinson returns from his adventure or not, his legacy is secure. The question is, what’s next for this crypto pioneer?

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