Cardano's Completion Asserted by Hoskinson
Bustin' Out: Charles Hoskinson Announces Finish Line for Cardano
Listen up, crypto heads! Global CEO Charles Hoskinson has dropped a bomb on the blockchain world - he's saying Cardano is done and dusted. But is a pat on the back in order for the development team yet? Let's dig into that controversy.
Bringing the curtain down on a thrilling ride, Hoskinson has declared that the original scaling of the legendary roadmap has finally been tackled. Input Output, the masterminds behind Cardano, are shifting their focus to extensive projects like Hydra, a layer-2 protocol, and Leios, a bold layer-1 upgrade. Whether they receive funding or not, these projects will be driven forward. If funding doesn't materialize, IOG will be moving on to fresher pastures.
"We're gonna get all of the Leios and Hydra work done, regardless of whether we get paid or not", Hoskinson proclaimed on his social media feed.
But before you start popping the bubbly, some skeptics have jumped in with a controversial take, stating that Cardano isn't quite finished yet. They're even suggesting auditing the original funding. However, Hoskinson cleared the air by highlighting that the original contract expired back in 2020.
Now let's talk gossip. Hoskinson recently went head-to-head over a budget vote, encouraging the community to get behind the current proposal. He pointed out that the Cardano Treasury's war chest is bulging, while expressing disappointment over a delayed funding for the court that negatively impacted the ecosystem.
"We shouldn't settle scores, nor put pressure on the people who have been building the Cardano ecosystem for years. I want Cardano to succeed", he said earlier this week.
Frustratingly, some members within the community have been using budget discussions to settle personal scores. Some critics have blasted Hoskinson and questioned his right to funding, reminiscing his past missteps, such as the bust Atala Prism project in Ethiopia.
During his latest AMA (Ask Me Anything) session, Hoskinson accepted his share of mistakes. However, he was quick to highlight Cardano's outstanding triumphs.
"With a valuation of around $25 billion, Cardano today boasts an ecosystem full of millions of users and thousands of decentralized applications. It's sitting pretty in the top 10, often hailed as a standout success in the crypto space", he said.
So while some are grumbling and attempting to hijack the process for their own benefit, Hoskinson reiterated that the final decision lies with delegated representatives.
"As a dRep (delegated representative), you're in control. That's what decentralization boils down to."
So there you have it, crypto enthusiasts - Cardano's core objectives may be done and dusted, but the community remains divided and evolutionary projects are still a priority for Input Output. Are you Team Hoskinson or Team Skeptic? Sound off in the comments!
Note: IOG was designated 2.4 billion ADA at genesis to fund ecosystem development. Though Hoskinson claims that the original contract has been fulfilled, the ongoing development of projects like Hydra remains a topic of discussion and debate within the crypto community.
- Charles Hoskinson, CEO of Cardano, declared that the original scaling of the Cardano roadmap has been completed, with focus now shifting to projects like Hydra, a layer-2 protocol, and Leios, a layer-1 upgrade.
- Skeptics question if Cardano is truly finished, suggesting an audit of the original funding, despite Hoskinson's assertion that the original contract expired in 2020.
- Hoskinson recently engaged in a budget vote, encouraging the community to support the current proposal to ensure the continued growth of the Cardano ecosystem, which he values at around $25 billion with millions of users and thousands of dApps.
- The community remains divided on the topic of Cardano's completion, with some attempting to use budget discussions for personal gain, drawing comparisons to past missteps like the Atala Prism project in Ethiopia.
- During a recent AMA, Hoskinson acknowledged his mistakes but also highlighted Cardano's accomplishments, emphasizing the importance of decentralization via delegated representatives in the decision-making process of the Cardano network.
