Cardano Founder Eyes $3–$10 ADA On Big Breakthrough
The post Cardano Founder Eyes $3–$10 ADA On Big Breakthrough appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cardano creator Charles Hoskinson has warned that the blockchain’s decade-long experiment in decentralized governance could stumble unless holders approve a “package” budget that keeps his company, Input Output Global (IOG), at the center of the protocol’s next growth phase—a phase he believes could propel ADA to between $3 and $10. Speaking during a livestream on the weekend, the visibly hoarse founder told viewers that he has “drawn a line in the sand” after spending the past five years “working for free” on Cardano-core code. The livestream was triggered by fierce debate over a treasury-funded interim budget that must be reconciled by elected delegate representatives (DReps) before the network’s first on-chain fiscal year closes. “We say, hey, 50, 60, 70 million [ADA] and it could double, triple, quadruple the size of the ecosystem,” Hoskinson said. “We could be looking at $3 ADA, $5 ADA, $10 ADA.” Hoskinson argued that Cardano can only stay relevant if the community backs a cohesive engineering roadmap rather than cherry-picking line items for cost savings. The document on the table—already endorsed in principle by a majority of DReps—sustains roughly 150 full-time IOG engineers and dozens of research scientists. It funds work on new scalability primitives such as state channels, roll-ups and new iterations of Leios, alongside continued investment in the Mithril light-client ecosystem, privacy-preserving partner chains and interoperability tooling that Hoskinson says are critical for attracting developers and total value locked. “You’re funding the IOG vision,” he said. “You’re getting my time, my company’s time, our strategy. The price is the price.” IOG, which wrote every line of Cardano’s original codebase, stopped receiving any revenue tied to its 2015 token-generation event when those contracts expired in 2020. Since then, the firm has financed…
The post Cardano Founder Eyes $3–$10 ADA On Big Breakthrough appeared on BitcoinEthereumNews.com.
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cardano creator Charles Hoskinson has warned that the blockchain’s decade-long experiment in decentralized governance could stumble unless holders approve a “package” budget that keeps his company, Input Output Global (IOG), at the center of the protocol’s next growth phase—a phase he believes could propel ADA to between $3 and $10. Speaking during a livestream on the weekend, the visibly hoarse founder told viewers that he has “drawn a line in the sand” after spending the past five years “working for free” on Cardano-core code. The livestream was triggered by fierce debate over a treasury-funded interim budget that must be reconciled by elected delegate representatives (DReps) before the network’s first on-chain fiscal year closes. “We say, hey, 50, 60, 70 million [ADA] and it could double, triple, quadruple the size of the ecosystem,” Hoskinson said. “We could be looking at $3 ADA, $5 ADA, $10 ADA.” Hoskinson argued that Cardano can only stay relevant if the community backs a cohesive engineering roadmap rather than cherry-picking line items for cost savings. The document on the table—already endorsed in principle by a majority of DReps—sustains roughly 150 full-time IOG engineers and dozens of research scientists. It funds work on new scalability primitives such as state channels, roll-ups and new iterations of Leios, alongside continued investment in the Mithril light-client ecosystem, privacy-preserving partner chains and interoperability tooling that Hoskinson says are critical for attracting developers and total value locked. “You’re funding the IOG vision,” he said. “You’re getting my time, my company’s time, our strategy. The price is the price.” IOG, which wrote every line of Cardano’s original codebase, stopped receiving any revenue tied to its 2015 token-generation event when those contracts expired in 2020. Since then, the firm has financed…
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