Tag: CHARLES HOSKINSON

Cardano Chief Says He’s Not Retiring Anytime Soon

by Blockchain News

In a recent video he titled “Birthday Musings”, Charles Hoskinson, founder of the blockchain platform, Cardano has said he is not retiring anytime soon. He feels there is a lot at stake, hence leaving the company now is not the right option.

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The 35-year-old founder condemned the activities of trolls and the constant attacks he keeps getting lately on social media. While he admits that it’s frustrating when people lie about Cardano’s progress, Charles is reluctant to throw in the towel just yet and will keep at it as long as there is something to win.

 

Recently Charles repurposed the verified Twitter page of Ethereum Classic to that of the Ergo proof-of-work network. His confiscation of the account that has served the Ethereum Classic community since 2016 was greeted by condemnation by many in the crypto Twitter community. Many believed the 600k Twitter handle belonged to the community and Charles was just a custodian.

 

Furthermore, the Cardano chief publicly severed ties with the XRP community after news of the brawl with Ethereum Classic made the rounds. The outspoken critic has been the target of many supporters of the XRP coin. According to his tweets, these XRP trolls continued to harass him unprovoked, forcing him to block most of them as he says he’s done with it.

 

The move sparked reactions in the crypto Twitter community with some users urging the Cardano chief not to stereotype the XRP community based on the actions of a selected few.

 

Meanwhile, the Cardano founder has said Blockchain technology could revolutionize government structures from the whelms of archaic processes to modern ones. With the recent video, it’s evident that Charles is in no hurry to join other top executives in crypto firms that have either retired or stepped down from their positions to pursue other possibilities.


In September, Jesse Powell, co-founder of crypto exchange Kraken, stepped down as Chief Executive Officer and was replaced by the firm’s Chief Operating Officer Dave Ripley. Also, Alexander Höptner, took over as CEO of BitMEX Exchange after Authur Hayes submitted his resignation last month.

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Charles Hoskinson Officially Cut Ties with XRP Community

by Blockchain News

Barely a week after the news of the brawl with Ethereum Classic made the rounds, Cardano founder Charles Hoskinson has publicly declared he is cutting ties with the XRP community.

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According to the conversation gleaned from his tweet, Charles seems to have been the main figure behind a ton of trolls associated with the XRP community.

As an outspoken critic of many projects, it comes off as though many supporters of the XRP coin have been taking their pound of flesh on the legendary blockchain developer. Per his tweet, all of the trolling may be coming to an end.

“I think I’ve blocked most of the XRP trolls who continue to harass unprovoked. I’ve never seen a group so radically pick up a few words and run with it. Great job turning an ally into someone disgusted and totally checked out,” he said.

While many support Charles’ actions, a renowned XRP advocate, XRPcryptowolf, jumped into the conversation and advised Charles not to stereotype an entire community based on the behaviour of a selected few. However, Charles seems unperturbed in his stance, stating further;

“It isn’t a few trolls. It’s been an endless harassment campaign for days. I’m done with it. I want nothing more to do with XRP. The community has accomplished nothing but harming itself. Congratulations.” 

Actions and reactions are often tagged as balanced in what comes off as an open industry. Charles earlier confiscated the Twitter account that has served the Ethereum Classic community since 2016 and recently re-purposed it for the Ergo Community. The account has over 600k followers forcing the Ethereum Classic protocol to start building its community all over again. 

A number of industry observers were not cool with the events and how things played out, and for that reason, many may still be coming for Charles in ways he may not have envisaged.

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Charles Hoskinson Changes Ethereum Classic Twitter Account to Ergo’s

by Blockchain News

Charles Hoskinson, the blockchain leader known as one of the key figures responsible for creating Ethereum Classic and Input Output Hong Kong (IOHK), the parent company of Cardano recently converted the Twitter account of Ethereum Classic ( ETC) to that of Ergo Proof-of-Work network on the 6th of October.

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In a Twitter thread, Ethereum’s Classic Cooperative executive director Bob Summerville alerted the change of account. According to Summerville, the conversion of the Twitter account is an aftermath of ETC’s withdrawal of support for the 20% treasury protocol proposed by Hoskinson. This is the second time IOHK would be withdrawing from the ETC community, the first was in 2018 for similar reasons.

Summerville also claims that the account change by Hoskinson will damage both communities because Hokinson is creating drama to feed on his ego. 

He, therefore, asked Hokinson to stop using ETC’s Twitter account of over 600k plus followers as opposed to Ergo’s actual 60k plus Twitter account because Hoskinson wasn’t the creator of the account, a Twitter user @ChuckSRQ created and built it in July 2016 up to the level where the account was verified.

Hoskinson has responded by saying that he would not give up the account because he has put in so much time and millions of dollars in efforts to support the ETC blockchain community. He, therefore, promised to be even with ETC because of their stand in preserving their status quo.

Support for Ethereum Classic

So many Twitter users are condemning Hoskinson for his refusal to give back the account. 

According to a Twitter user (@CryptoHolon), many people have given their free time to the ETC network and supporting principles of decentralization. 

“You were trying to change ETC’s nature with your proposal, the intentions of ETC’s twitter handle were always seen as a community handle. It’s a simple gesture, Charles.”

AntPool, a Bitmain-run Chinese mining pool, declared its support for Ethereum Classic in July and contributed $10 million to the ecosystem. Ethereum Classic is also now supported by Ethermine, the largest ETH mining pool in the world.

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Blockchain Technology can Radically Revamp Government Structures, Cardano Founder Says

by Blockchain News

Blockchain technology has the capability of revolutionizing government structures from the whelms of archaic processes to modern ones, according to Cardano founder Charles Hoskinson. 

Speaking on Yahoo Finance’s The Crypto Mile, Hoskinson disclosed that blockchain technology promises to generate better governance on a global scale. 

 

For instance, this cutting-edge technology can create a tax revenue system that is open source, enabling everyone to see the origin and destination of the money collected.

 

He pointed out:

“The point of cryptocurrencies and blockchain technology is to take those resources that should be a public good, and if they’re digitizable, get them into a situation where they’re completely open, and basically then build businesses on top of that. But the underlying infrastructure is no longer controlled.” 

As society transitions into a global one, Hoskinson believes blockchain can enhance interconnection by enabling secure and seamless data transfer. He added:

“In a global society, you don’t want one actor to have complete control over critical things and resources.”

Blockchain enhances transparency, which plays an instrumental role in boosting public accessibility. Hoskinson stated:

“The poorest and most vulnerable person in society has equal access as the president of the US, and there has never been a time in human history that that has been the case.”

Additionally, the autonomy presented drives away the worry of having one controlling entity. Hoskinson added:

“Instead, you have a situation where no one entity is in control. It is a better way of doing things with less friction, fraud, waste, and abuse, and more transparency and ultimately less consolidation of power.”

Meanwhile, the value of the global automotive blockchain market is anticipated to hit $2.23 billion by 2027, according to a study by Research and Markets.

 

Therefore, blockchain technology is expected to streamline procedures by rendering immutable storage to curb fraudulent activities like tampering with vehicle mileages. 

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Blockchain-based internet company 3air abandons Cardano for SKALE network

by Cointelegraph

Africa-focused blockchain internet company 3air has officially abandoned the Cardano blockchain in favor of SKALE, a network powered by Ethereum, after reporting a “massive talent shortage” for Haskell developers. 

The skillset for Haskell, which is Cardano’s primary programming language, appears to be in short supply, according to 3air CEO Sandi Bitenc. After spending months actively recruiting for senior Haskell coders to build on Cardano, 3air was only able to obtain two entry-level part-time developers, said Bitenc. Although the company reached out to development agencies recommended by Cardano, 3air still wasn’t able to find the talent it needed.

By migrating to SKALE, the CEO said that 3air’s developers can begin work immediately on their development goals. He also touted SKALE’s fast transactions, zero gas fees and multichain capabilities, especially around decentralized applications, for the decision to adopt the protocol. 

SKALE launched the first phase of its mainnet in June 2020 after securing $26.75 million in funding over the previous two years. The Ethereum-compatible network, which claims to be fully decentralized, has shifted its focus to Web3, nonfungible tokens and decentralized applications.

Although Cardano has one of the largest communities in crypto, slow progress on the development front opened door to several competitors in the smart contract space. Whereas Cardano’s developers emphasize an academic approach to development, including following the peer review process, other smart contract platforms have adopted a more iterative approach to building, testing and launching their projects.

Related: If the peer review system is broken, what the hell is the point of Cardano’s reliance on it?

Cardano’s choice of Haskell, a highly academic programming language, has also been criticized for contributing to a slower and more difficult development process. One such criticism, dating back to November 2017, cited “relatively few devs” using Haskell at the time.

Nevertheless, Cardano has broadened its reach in places like Africa, with its development arm Input Output Hong Kong partnering with regional governments to improve education outcomes. Cardano founder Charles Hoskinson believes that the continent could onboard 100 million new DeFi users by the middle of the decade.