Ethereum

Cardano

Channels

Read

Tornado

<div class="coingape"> 
 <h2 id="strong-cardano-founder-justifies-his-action-strong"><strong>Cardano Founder Justifies His Action</strong></h2> 
 <p><span style="font-weight: 400">For a crypto leader that is the prominent face of the Cardano blockchain, having no public addresses might have drawn criticism from members of the community. However, justifying his decision to keep only private profiles, Hoskinson noted that he chose not to keep public addresses because of security reasons.&nbsp;</span></p>  
 <div class="quads-location quads-ad90952 " id="quads-ad90952" style="float:none;text-align:center;padding:0px 0 0px 0;"> 
  <div class="ad1"> 
   <div class="advertised"> <span class="ad-placeholder">advertisement</span> 
   </div> 
  </div>  
 </div> 
 <p><span style="font-weight: 400">He buttressed his point noting that different people may choose to send money to the public addresses from a sanctioned country without his consent. He also believes that zealous senders may try to send him money from </span><span style="font-weight: 400">restricted channels like Tornado Cash</span><span style="font-weight: 400">, a situation that can notably cause his addresses to be blacklisted by the authorities.</span></p> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
  <p lang="en" dir="ltr">I don't have public addresses because of security. People can send transactions without my consent from sanctioned nations and wallets like the tornado cash issue to me and thus blacklist my account. This is why I like the concept of contingent settlement</p> 
  <p>— <a rel="noopener noreferrer nofollow" title="Charles Hoskinson" href="https://thebittimes.com/tag/charles-hoskinson.html">Charles Hoskinson</a> (@IOHK_Charles) July 29, 2023</p>  
  <div class="quads-location quads-ad148831 " id="quads-ad148831" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
   <div class="NewTrendin dsdsd m-on"> 
    <h5> 
     <svg class="inline-block w-5 ml-1 text-black _text-digg-blue" width="34" height="20" xmlns="//www.w3.org/2000/svg" viewbox="0 0 17 17" fill="currentColor"> <path fill-rule="evenodd" d="M12 7a1 1 0 110-2h5a1 1 0 011 1v5a1 1 0 11-2 0V8.414l-4.293 4.293a1 1 0 01-1.414 0L8 10.414l-4.293 4.293a1 1 0 01-1.414-1.414l5-5a1 1 0 011.414 0L11 10.586 14.586 7H12z" clip-rule="evenodd"></path> 
     </svg>Recommended Articles </h5> 
    <div class="TrendSList owl-carousel owl-relatedpostar"> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/30/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/30/cf35a15cb82cd1ed6fc87ff4ecbfc001.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4"> Crypto Presale Projects For 2023 To Invest; Updated List </h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/30/9acafad721dcbc6c15e6daccd38017cb.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/30/9acafad721dcbc6c15e6daccd38017cb.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="crypto exchange affiliate programs" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Best Crypto Exchange Affiliate Programs In 2023</h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/30/f88de9f91a8c6b7926f52e209e8f697e.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/30/f88de9f91a8c6b7926f52e209e8f697e.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4"> Top Crypto Marketing Firms / Agencies 2023; Here’s Best Picks [Updated] </h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/30/472515f3ab5ae759f4e49d6afa8bc33a.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/30/472515f3ab5ae759f4e49d6afa8bc33a.webp" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Crypto Telegram Channels List 2023 [Updated]</h6> <span>Must Read</span> 
     </div> 
     <div class="BoXtrendsI bg-white"> 
      <div class="ImgFrmI"> 
       <img width="1200" height="627" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%201200%20627'%3E%3C/svg%3E" alt="ethereum price crypto news" decoding="async" data-lazy-src="https://cdn.thebittimes.com/images/2023/07/29/48cfebc8a0493db9937bed5dd005ee19.webp"> 
       <noscript> 
        <img width="1200" height="627" src="https://cdn.thebittimes.com/images/2023/07/29/48cfebc8a0493db9937bed5dd005ee19.webp" alt="ethereum price crypto news" decoding="async" loading="lazy"> 
       </noscript> 
      </div> 
      <h6 class="mb-4">Top 10 Web3 Games To Explore In 2023; Here List</h6> <span>Must Read</span> 
     </div> 
    </div> 
   </div> 
  </div> 
 </blockquote> 
 <p></p> 
 <p><span style="font-weight: 400">The Cardano founder had to come out to clear the air because he was called out by a community member who pointed out that Ethereum co-founder Vitalik Buterin has a public wallet which can be attributed to the support for the blockchain network he represents.&nbsp;</span></p>  
 <div class="quads-location quads-ad124348 " id="quads-ad124348" style="float:none;text-align:center;padding:0px 0 0px 0;">   
 </div> 
 <p><span style="font-weight: 400">While Hoskinson has a good justification for his choice, he noted that the challenges that are associated with keeping a public wallet are one of the reasons why he prefers the concept of contingent settlement. Hoskinson’s clarification has been received by mixed reactions with more people wondering whether or not he has other plans in view for the contingent settlement he mentioned.</span></p> 
 <h2 id="strong-benefits-associated-with-public-addresses-strong"><strong>Benefits Associated with Public Addresses</strong></h2> 
 <p><span style="font-weight: 400">Having a public address is not an uncommon thing for leaders in the digital currency ecosystem. Projects, especially memecoins that are looking to establish on the protocol often typically send a percentage of their tokens to a top leader’s public address to gain trust in the community.</span></p> 
 <p><span style="font-weight: 400">Vitalik Buterin is one crypto founder that has enjoyed this benefit to a very great extent, with protocols sending as much as $1 billion in memecoins to his addresses in the height of the past bull season.</span></p> 
 <p><span style="font-weight: 400">In an unusual manner, he donated these funds to charity back in 2021 as </span><span style="font-weight: 400">reported</span><span style="font-weight: 400"> at the time by Coingape. </span></p> 
</div>

Cardano Founder Reveals Why He Owns No Public Crypto Addresses

Table of Contents

TheBitTimes

Other articles published on Aug 1, 2023

Blue-Chip Altcoin at Risk of 80% Plunge, Bitcoin and XRP Outlook Updated

SEC did not ask Coinbase ‘at any point’ to delist assets, the exchange admits

US Senate Passes NDAA with Implications for Cryptocurrency Industry

XRP News: Ripple’s Howey Test Analysis Faces Backlash From SDNY District Court

“Buy Bitcoin,” Novogratz Exclaims as US Interest Payment Projected to Hit $1 Trillion

Terraform Labs receives approval to subpoena FTX files

Join our free newsletter for daily crypto updates!