- Charles Hoskinson predicts Cardano will run a nation-state by 2030, aiming for blockchain-based decentralized governance.
- Cardano completed Chang hard fork #1 on September 1, 2024, marking a significant milestone toward governance.
Cardano, developed by Input Output Global (IOG), is making significant strides towards implementing decentralized governance. Charles Hoskinson, the founder of Cardano, stated in a keynote titled “After Voltaire: the next evolution of Cardano,” that by 2030, Cardano aims to support the administrative functions of a nation-state.
This statement, released by IOG on the social media platform X, underscores the blockchain’s ambitious goals.
“I believe we can run a nation state on Cardano by 2030 ” – @IOHK_Charles
Tune in now to watch the rest of @IOHK_Charles keynote, ‘After Voltaire: the next evolution of Cardano’: https://t.co/UahBtCMUFx pic.twitter.com/TsHCoD6cwA
— Input Output (@InputOutputHK) October 26, 2024
On September 1, 2024, Cardano achieved a significant milestone by executing the Chang hard fork #1, marking an important step in its roadmap towards decentralized governance. The blockchain plans to further this development with a second Chang hard fork, which is expected to finalize Cardano’s transition into the age of Voltaire.
The preparation for this phase includes the testing of Cardano node v10, scheduled for November 2024, signaling a critical period in Cardano’s governance evolution.
Hoskinson emphasizes the long-term vision for Cardano, noting that the blockchain is designed to impact economic, political, and social systems over the coming decades. He suggests that Cardano could fundamentally alter the way nation-states operate, with the potential to integrate blockchain technology into their core governance structures.
According to Hoskinson, Cardano’s approach to redefining governance focuses on creating robust, transparent, and efficient systems. This effort is part of a broader plan to enable blockchain technology to play a central role in national and global governance.
His travels to 74 countries and plans to visit 26 more over the next decade reflect his commitment to promoting Cardano’s capabilities and understanding diverse governance needs globally.
Cardano’s roadmap and the ongoing developments are poised to test and possibly integrate these advancements in governance technology. As Cardano continues to evolve, its role in shaping how nations are governed could become more pronounced, illustrating the practical applications of blockchain technology in large-scale administrative functions.
Cardano (ADA) is currently trading at $0.339, with a 0.29% decline. It has lost 7.12% over the past week and 15.67% in the last month, reflecting a downtrend. Immediate support is at $0.33, while resistance is around $0.36. The 24-hour trading volume is $157.66 million, indicating moderate activity.
