Charles Hoskinson, the founder of Cardano, recently addressed the governance challenges within the Cardano ecosystem and outlined strategic priorities for 2025.

Governance Challenges and Priorities

Hoskinson emphasized the need for a transition from theoretical governance frameworks to practical, community-driven governance. He criticized the current structure of the Cardano Foundation, describing it as not designed for decentralized cryptocurrencies. He highlighted the lack of accountability within the Foundation's governance structure and advocated for the establishment of governance bodies that prioritize community involvement and accountability.

Governance Transformation Steps

Hoskinson outlined two critical steps for governance transformation in 2025:

1. The ratification of a community-approved constitution
2. The establishment of an annual on-chain budget

He expressed concern that a potential "no" vote from the Cardano Foundation on the upcoming budget could hinder the ecosystem's ability to grow and innovate.

IOG's Commitment to Advancement

Despite these challenges, IOG is committed to advancing Cardano's technological capabilities and fostering adoption. IOG plans to invest its own resources to enhance core functionalities within the Cardano ecosystem.

Hoskinson's Vision for Cardano

Hoskinson's vision for Cardano emphasizes the need for a governance structure that is responsive to community needs and capable of adapting to the fast-paced nature of the industry. Cardano aims to position itself as a leader in the blockchain space by prioritizing decentralized governance and community accountability.