Hoskinson assured that the Cardano blockchain offers non-custodial staking, allowing ADA holders to freely sell their coins at any time. ADA holders can earn rewards for the assets they stake while retaining full control over them, the businessman claims. Other networks that use the Proof-of-Stake consensus algorithm require users to lock up crypto assets for a fixed period, Hoskinson emphasized.
The Cardano founder said that there is no manipulation of ADA’s market cap through the staking mechanism. ADA’s market cap is determined by the total supply of coins and the market price – without any forced restrictions on staking or sales, the creator of the blockchain claims. Currently, the total capitalization of ADA reaches $ 11.9 billion.
“ADA coins are never locked in staking, and the project’s market cap is not dependent on any form of forced staking. Coins are never held by a third party to enhance user security. Cardano allows participants to unstake and sell ADA at any time, providing flexibility and liquidity,” the businessman said.
Hoskinson recently criticized the Bitcoin blockchain for its rigidity and lack of flexibility. According to Hoskinson, the unwillingness to innovate will cause Bitcoin to collapse.
Source: Bits
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