Cardano founder Charles Hoskinson is making bold claims about the network amid recent strides.
In a live stream on Tuesday, February 18, Hoskinson told followers that the network was now far ahead of the competition.
“Our advantage and lead is so significant, they can never catch us,” he enthused.
The statement follows Cardano’s successful pivot to fully decentralized governance and the community’s recent ratification of its constitution. On Tuesday, the vote to replace the network’s interim constitution passed the 75% threshold.
Specifically, 85.72% of delegated representatives (DReps) voted in favor of the constitutional change, and the entire constitutional committee did the same.
Hoskinson celebrated the milestone, noting that it resulted from a decade-long effort filled with multiple workshops, conventions, and participation from about 1,800 people across 50 countries. According to the network founder, the milestone showed that Cardano was now “a living organism,” highlighting the 800 DReps and 108,000 delegators.
“The core USP of Cardano really is the fact that everybody who holds it has a say in it, sometimes small, sometimes big, but you have a say. This is just not the case with Bitcoin, Ethereum, or all these other ecosystems,” he argued.
Looking forward, the Cardano founder waxed positive, taking time to highlight things like the network’s partnership with BitcoinOS, the Cardano-focused privacy protocol Midnight, and scaling efforts like Leios. Beyond these, he argued that Cardano’s decentralized governance success opened new doors for the project.
“we […] have the largest governance layer now, which means we’re the smartest cryptocurrency ecosystem. We can crowdsource any idea, any strategy, and augment it with AI. My lord! We are unstoppable as an ecosystem. And not only can we crowdsource it, we can also converge to a single, common understanding,” he remarked.
Following the ratification of the Cardano constitution, the network’s governance looks set to shift attention to its roadmap and budget. The community will also vote on new constitution committee members in September 2025 to replace the interim members.
Meanwhile, the price of the native token of the Cardano network does not appear to reflect the community’s excitement. At press time, ADA changes hands around the $0.77 price point, representing a nearly 1% drop over the past 24 hours.
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