In a recent social media post, Hoskinson reflected on the journey of developing Cardano and its transformative impact on the blockchain community. He described the Chang update as “one of the greatest technical achievements in human history,” highlighting Cardano's evolution into a decentralized system operating across more than 100 countries. Remarkably, this network continues to run seamlessly, with millions of users contributing to its growth without central coordination.
Hoskinson has long been vocal about Cardano's potential to outshine Bitcoin. He previously downplayed Bitcoin's relevance, criticizing it as a token with a deflationary monetary policy that lacks self-sufficiency. Hoskinson believes that despite Bitcoin's first-mover advantage, its ecosystem resembles a "religion" that may need to adapt to survive in the ever-evolving cryptocurrency landscape.
These bold statements have sparked controversy, drawing criticism from Bitcoin advocates. Notable figures like Tuur Demester and Adam Back have challenged Hoskinson’s views, with Back even suggesting that Cardano could lose 90% of its value.
Despite the backlash, Hoskinson remains committed to pushing Cardano forward. The Chang update is a testament to the project's ongoing innovation and its ambition to redefine blockchain governance. As Cardano continues to grow, it aims to set new standards in the industry, leaving a lasting impact on the future of decentralized technologies.