The founder of Cardano disputed the statement of a cryptanalyst who questioned the decentralization of the Cardano network.
According to Charles Hoskinson, Vanessa Harris’ statements are “categorically false.” Her point of view is reinforced by fear, uncertainty and doubt (FUD) in the crypto community, the businessman insists.
The day before, Vanessa Harris published 17 posts on Twitter about the peculiarities of Cardano governance. The analyst stated that the platform is rather centralized because it is managed by several people.
One of Harris’ arguments is that ordinary ADA token holders do not have any power, and the stake pool operators and DReps, the so-called “delegated representatives”, receive privileges.
The developers of the Input Output Global (IOG) platform designed the system in such a way, the analyst wrote, to always have control over the site, with the exception of some extreme situations.
This is categorically false and a great example of how FUD spreads. https://t.co/GMGkXxRce2
— Charles Hoskinson (@IOHK_Charles) March 4, 2023
Earlier, Charles Hoskinson spoke about the prospects for acquiring media Coindesk.
Source: Cryptocurrency
I am an experienced journalist and writer with a career in the news industry. My focus is on covering Top News stories for World Stock Market, where I provide comprehensive analysis and commentary on markets around the world. I have expertise in writing both long-form articles and shorter pieces that deliver timely, relevant updates to readers.
