Context:
Charles Hoskinson is the director of Input Outputy Global (IOG), a company causing Cardano (ADA), one of the most important cryptocurrencies in this industry.
By saying that Cardano had been completed, Hoskinson actually tried to explain that the network had met the initial contractual obligations defined for IOG during the 2015 Cardano start.
Charles Hoskinson’s statement about Cardano evokes a strong community reaction
Charles Hoskinson’s notes are based on the expiration of the initial IOG contract, which began with the distribution of Cardano Genesis block in 2015.
“Cardano is completed. The initial contract expired in 2020. I have been working for free since 2020 because I want Cardano,” Hoskinson said.
He also explained that scaling according to the initial plan is completed and added that it remains in constant development. According to Hoskinson, IOG is currently working on advanced scaling solutions, including Leios and Hydra.
However, these projects could be “in danger” without guaranteed financing. According to Charles Hoskinson, the lack of funding could really push them to look for other opportunities. This statement aroused reactions and attracted mainly strong critics from long members of the Altcoins community.
“I say it with respect: how was the contract concluded unless the scale was fully done as planned?” Asked the user.
The initial plan of Cardano, which Hoskinson claims to have closed in 2020, promised scalability to compete with the main competing blockchains. Especially the aim of Hydra is to allow parallel processing of transactions.
This update could increase the Cardano flow so that it can compete with 65,000 theoretical transactions (TPS) Solana and which have a significant contrast with its current TPS.
However, community members say Cardano is still far from his third -generation blockchain vision for massive adoption.
“Bashho, Leios and Hydra have been mentioned and have not been implemented in the main network. How was Carnano completely completed according to the initial plan? These elements are clearly missing,” added another user.
In parallel, this discussion applies to more general concerns about Cardano management and its financing model. In particular, Charles Hoskinson expressed that iOG will not work with a loss or free.
He also questioned the pressure of the community on a decentralized decision -especially about the idea of “competing submissions” for development work. According to Hoskinson, this approach The disadvantages of Western developers in high -cost regions.
The founder of Cardano believes that a request for such a model could make IOG to release employees or establish development centers in regions at lower costs such as India or Eastern Europe.
“(…) I will not refuse even hundreds of employees and will be replaced by developers at lower costs of the competition of cheap offers like most companies. We are not trading in time and equipment. We create cryptocurrencies,” he said.
Hoskinson had previously criticized the Cardano Foundation’s structure, claiming to marginalize the ADA community and defend the transition to organization based on membership (MBO).
In addition to other previous disputes, we can also mention debates on the budget and different view of the recently introduced Cardano Institute.
In fact, although the Foundation expressed its desire to support a new constitution, it showed some caution regarding budget approval, which was cited by the need for further tests.
Finally, at the time of writing this article, Cardano Token ADA was negotiated for $ 0.68, which is almost 2 %in the last 24 hours.
History Morality: The Report on Charles Hoskinson still has its share in criticism.
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