Cardano

Charles Hoskinson, the founder of Cardano and IOHK, has recently engaged in a Twitter exchange regarding the controversial topic of adding know-your-customer (KYC) support on the first layer of the Cardano blockchain. The debate was sparked by a tweet from Calvin Koepke, lead engineer at SundaeSwap Labs, who argued that while some users may not want to use a chain with KYC support on the L1, it will be necessary for mass adoption. In response to Koepke&#39;s tweet, Cardano enthusiast Alexander Monad expressed his concerns about the potential for a centralized system, stating, &#34;You cannot have KYC exist at the L1 and still have any hope for an open permissionless system.&#34;Hoskinson then weighed in, defending the idea that a decentralized protocol will have users who write software for their specific needs, regulated and unregulated.Read more on U.Today <a href="https://u.today/should-cardano-ada-add-kyc-charles-hoskinson-weighs-in" rel="noopener noreferrer nofollow">https://u.today/should-cardano-ada-add-kyc-charles-hoskinson-weighs-in</a>

Should Cardano (ADA) Add KYC? Charles Hoskinson Weighs In

U_Today

Άλλα άρθρα που δημοσιεύτηκαν στις 13 Φεβ 2023

Crypto bank Silvergate ranks as the second most-shorted stock on Wall Street

Kraken Agreed to Shut U.S. Crypto-Staking Operations

Kraken CEO: I Feel Dumb for Paying $30 Million Fine to The SEC

BNB Chain Innovation Talks with Bubblemaps

Mississippi Senate Passes Bill To Protect Cryptocurrency Miners from Discrimination

What Happens After Uniswap DAO Approves BNB Migration?

Join our free newsletter for daily crypto updates!