Cardano

Foundation

ERC20

<p>In a recent series of back-and-forths on social media, Charles Hoskinson, the influential founder of the Cardano blockchain, found himself on the defensive, rebutting allegations of neglecting projects and promises. The debate, ignited by Fabian (@Fabian_vBergen), saw Hoskinson provide a robust account of Cardano’s trajectory, offering clarification on several matters raised by the accuser.</p>
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   <p lang="en" dir="ltr">You seem to be remarkably comfortable with lying to people on a regular basis. I'm not sure why you do you it and you know better, but you keep at it. <br><br>Ethiopia is still being actively developed despite a war and multiple education administrations. You know exactly the status of…</p>— Charles Hoskinson (@IOHK_Charles) <a href="https://twitter.com/IOHK_Charles/status/1710549595464306877?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow" target="_blank">October 7, 2023</a>
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<h2 class="wp-block-heading" id="hoskinson-s-clarifications-on-key-concerns">Hoskinson’s clarifications on key concerns</h2>
<p>Besides the usual praises and brickbats that come with any publicized exchange of this nature, Hoskinson touched upon some specific projects in his response. He affirmed that the Ethiopia project remains active, even while navigating the challenges of war and administrative upheavals. Additionally, he shed light on the ERC20 converter’s development and its utilization by entities like SingularityNet. Moreover, he emphasized that the converter’s usage was mostly sidestepped in preference for other projects, most notably Milkomeda.</p>
<p>However, the discussions continued beyond clarifications. Hoskinson also highlighted IOG’s (Input Output Global) position within Cardano. He stressed that IOG, alongside Emurgo and the Cardano Foundation (CF), holds genesis keys, nullifying arguments of IOG’s overarching control over Cardano. Drawing attention to the CIP 1694 proposal, he stated it further invalidates IOG’s dominance concerns.</p>
<h2 class="wp-block-heading" id="project-catalyst-fueling-cardano-s-development-and-expansion">Project catalyst: Fueling Cardano’s development and expansion</h2>
<p>Moving forward, Hoskinson earlier dug deeper into Cardano’s ecosystem and shared insights into Project Catalyst, often hailed as Cardano’s treasury, <a href="https://youtu.be/dll41K03U_o?t=257" rel="noopener noreferrer nofollow" target="_blank">during</a> a Friday session. This initiative empowers the Cardano community to propose, fund, and vote on diverse projects using ADA tokens. With the conclusion of Project Catalyst’s Fund 10 campaign, Hoskinson reiterated the program’s role as Cardano’s innovation linchpin. He envisions it as a tool that continuously sparks fresh ideas and decentralizes funding to bolster Cardano’s expansive ecosystem. This ecosystem, he mentioned, could range from enhancing infrastructure to fostering educational initiatives.</p>
<p>Hoskinson also touched upon the technological strides Cardano has made, with improvements in Cardano’s smart contract capabilities and evolving programming languages. Key technologies, like extended UTXO, Mithril, and Plutus, solidify Cardano’s position as a decentralized application development nucleus. Recalling past endeavors such as the Plutus Application Backend (PAB) and Yella, Hoskinson emphasized the importance of having a resilient and flexible layer-one protocol, demonstrating Cardano’s dedication to perpetual refinement and innovation.</p>
<p>Closing his Friday session, Hoskinson celebrated the community’s combined efforts and Cardano’s considerable achievements. He encouraged the community to remain focused and not get swayed by unwarranted criticism, urging, “We have to push forward and keep going.” His message underscored the importance of looking ahead, concentrating on impactful endeavors, and disregarding distractions.</p>

Hoskinson responds to accusations and gives insight into Cardano’s progress

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