Charles Hoskinson Slams ADA Burn Proposal: ‘It’s Theft from Every ADA Holder!’
TL;DR Charles Hoskinson strongly opposes the proposal to burn 1.5 billion ADA tokens, arguing it would be theft from Stake Pool Operators (SPOs) and ADA holders.
Cardano is a decentralized blockchain platform and cryptocurrency created in 2017. Its native cryptocurrency, ADA, is used for transactions and as a store of value.
Cardano aims to offer a more secure and sustainable blockchain ecosystem through its use of a proof-of-stake consensus algorithm, which requires less energy than traditional proof-of-work algorithms.
Cardano’s development is driven by a scientific approach, with a focus on academic research and peer-reviewed papers. Its goal is to create a scalable and interoperable blockchain that can support a wide range of decentralized applications and use cases.
Cardano’s team has also created a unique governance model that allows stakeholders to vote on proposed changes to the network, ensuring a more democratic and decentralized decision-making process.
TL;DR Charles Hoskinson strongly opposes the proposal to burn 1.5 billion ADA tokens, arguing it would be theft from Stake Pool Operators (SPOs) and ADA holders.
TL;DR Hoskinson about Decentralized Governance: The Chang Hard Fork introduces a new governance structure, empowering ADA holders to elect representatives and vote on key proposals, shifting
TL;DR Charles Hoskinson shared the difficulties and challenges faced in the development of Cardano, including the loss of friendships and the pressure from criticism. The Chang
TL;DR Cardano’s Chang hard fork was completed on September 1, 2024, introducing decentralized governance and marking the start of the “Conway ledger era.” Governance and smart
TL;DR Binance will support Cardano (ADA)’s network upgrade and “Chang” hard fork on September 1, 2024. ADA deposits and withdrawals will be temporarily suspended during the
TL;DR Charles Hoskinson criticized the U.S. political and economic system, releasing a video proposing a shift towards decentralized governance. Hoskinson questioned the current political system’s ability
TL;DR Launch Date Announced: Charles Hoskinson has officially announced that the highly anticipated Cardano Chang fork will launch on August 27, 2024, marking the beginning of
TL;DR Cardano has released Daedalus 6.0.0, a crucial update ahead of the Chang hard fork, necessary for the transition to the Conway era. The new version
TL;DR Cardano (ADA) has dropped to the eleventh position in the cryptocurrency ranking, with a market capitalization of approximately $12 billion. Since January, ADA has experienced
TL;DR Imminent Update: Cardano’s Chang hard fork, initially scheduled for July, will be carried out soon. More than 70% of the nodes have adopted version 9.1.0.
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