Hoskinson Stirs Controversy: Declares Cardano "Completed" But Scaling Still an Issue
Cardano Users Question Charles Hoskinson Over Unfulfilled Milestones
In a surprising move that's sparked debate in the Cardano community, founder Charles Hoskinson declared the blockchain network "completed." This announcement, made on Wednesday, has set off a wave of criticism since Hoskinson also stated that he's working for free since 2020.
Hoskinson's claim is tied to the expiration of the original contract for Input Output Global (IOG) upon Cardano's launch in 2015.
"Cardano has been completed. The original contract expired in 2020. I've been working for free because I care about Cardano since 2020," Hoskinson said.
But what about scaling? Some critics argue that Cardano hasn't fully delivered on its scalability promises [3]. The original roadmap set out ambitious goals for Cardano to rival top blockchains in terms of scalability, and yet, scaling remains a challenge.
Hoskinson does acknowledge that they're working on advanced scaling solutions such as Leios and Hydra. However, these projects are at risk without guaranteed funding [3]. Failure to receive funding could force the team to seek opportunities elsewhere.
This declaration has stirred up broader concerns about Cardano's governance and funding model. Hoskinson emphasized that IOG wouldn't work for free or at a loss, and he challenged the community's push for decentralized decision-making, particularly the idea of "competitive bids" for development work [2].
The controversy is far from over, as the community continues to question the completion of Cardano, and the future of its scaling solutions remains uncertain.
Insight: The current status of Cardano's scaling solutions, particularly Leios and Hydra, is crucial for enhancing the network's capacity and fulfilling original roadmap promises [1]. However, these projects are subject to funding challenges and development timelines that remain uncertain, leading to ongoing discussions within the community about their effectiveness in meeting scalability targets.
Footnotes:1. Leios and Hydra: Current Status and Future Implications (Cardano Forum)2. Charles Hoskinson Stands Firm on Cardano Governance and Funding Model (BeInCrypto)3. Cardano's Original Roadmap: Delivering on Scalability Promises (CoinDesk)
- Despite Hoskinson's declaration of Cardano as "completed," concerns about scalability persist, given the network's promises made in the original roadmap.
- The scalability challenges are centered around projects like Leios and Hydra, which, despite being in development, are subject to financial uncertainties.
- These scaling solutions are crucial for Cardano to match the capacity of leading blockchains, as per the original roadmap's ambitious goals.
- The lack of confirmed funding for these projects puts their future in question, potentially forcing the team to explore other opportunities.
- The controversy surrounding Cardano's completion and the future of its scaling solutions has led to broader debates about the network's governance and funding model.
- Hoskinson has maintained a firm stance on the current governance and funding model, expressing his reservations about the idea of "competitive bids" for development work.
- In 2020, the original contract for Input Output Global (IOG) expired, which some interpret as Hoskinson no longer working for a paid remuneration.
- The debate surrounding Cardano's development, scalability, and funding model underscores the importance of decentralized finance (DeFi) technology and its business implications.
