Saturday, January 23, 2021

Charles Hoskinson Hints At When to Expect the First Decentralized Voting System on Cardano Network

The mission to realize the full decentralization of the Cardano network is still on track. According to Charles Hoskinson, the CEO of IOHK, who doubles as the creator of Cardano (ADA), the voting system for Voltaire is the utmost concern of the team at the moment.

Based on the plan as stated by Hoskinson, the voting system that will enable users to make suggestions for improvements and funding will be made available this month. This implies that the first vote for ADA holders will take place in the coming month.

Also, the DC Fund is said to play a pivotal role in financing ideas that come from the Cardano community for decentralized apps (DApps).

As Charles Hoskinson explained in the video conversation, Goguen is experiencing remarkable progress, as well as the Voltaire, adding that focus is also on planning and developing decentralized applications for the Cardano (ADA) ecosystem.

Hoskinson noted:

“I’m having a lot of application meetings. […] I meet with a lot of different people, we talk a lot about ‘how to get to Cardano’, ‘what can we do’, how we build applications and my goal is to get a lot of really cool dapps ready to go soon or at least get teams committed to get ready soon. But I think the biggest problem on the roadmap is marketing.

“So October will have a vote, but it won’t be great user experience, it will be okay. You can vote on a cell phone app and then the next round which occurs after October, we will try to do this every 6 weeks, it will be significantly better, that will be probably past the HFC event and we will have the Daedalus support and the cell phone support read to go.

“We gonna focus a lot the next two months on product marketing. So we gonna talk about each component of Cardano and answer questions like ‘what is it?’, ‘how does it work’, ‘why is it better’ and also do comparison marketing, so for example, why is Ouroboros better than EOS’ consensus algorithm, Parity’s consensus algorithm; this gonna piss off a lot of people, but you know, that’s good.”

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Tobi Loba
Tobi-Loba is a creative and an award-winning writer with over 5 million readers from all over the world. She has B.A in English and Literature from a reputable University and currently studying for her M.A in the same field. She recently became a contributor at Herald Sheets in order to satisfy her thirst in reporting crypto and blockchain occurrences, the interest she built over the years.

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