Cardano’s Charles Hoskinson founder dismisses critics

Charles Hoskinsonfounder CardanoHe publicly advocated his influence on the development of the blockchain network after growing criticism.

In August 3 post On X (formerly Twitter), Hoskinson dealt with negative claims indicating that his leadership was harmful to Cardano’s progress.

Hoskinson pointed out the success of his next project, midnight, emphasized his significant expansion with more than 100 partnerships across eight ecosystems. He also emphasized the influx of the project for native assets of Cardano (CNAS) and its leadership in Bitcoins Defi.

According to Hoskinson, this effort has brought billions of total value (TVL) and millions of transactions to the Cardano network.

Hoskinson also explained his strategic focus last year on the deployment of key technologies such as Peres, Leios and Hydra while referring to Major Initiative as doom and glacier drop.

In addition, he noted that his pressure on rapid development and significant marketing efforts, including performances on popular programs such as Shawn Ryan’s, expanded Cardano’s reach to a new audience, including 19 million potential users.

In response to the criticism of online trolls and what he called “Charles Drarancement syndrome”, Hoskinson claimed that the wider Cardano community remains intact and is prosperous.

Since Hoskinson emphasized the critics that:

“You lost. I’m here to stay in Cardan.

The input output cuts financing of $ 71 million

Meantime, Global input outputFounded by Hoskinson, it has received approach to accessing 96 million ADA worth around $ 71 million from the Cardano cash register.

August 2 revealed that his financing proposal went with 74% of community support.

The company said the Fund will support the upcoming Cardano upgrades, including the improvement of scalability via Hydra and Ouroboros Leios, increased security with Mithril and streamlined users through nested transactions and the Acropolis project.

Tim Harrison, EVP Community & Ecosystem, said:

“For the first time, the development of the key protocol is funded directly by the community. This confidence voice allows us to move forward with full transparency, shared responsibility and renewed commitment to build an open, durable ecosystem.”

Meanwhile, the Intersect, the Cardano Community Group, will supervise the distribution of funds.

The input output also committed itself to providing regular updates, including monthly development reports and quarterly financial summary to be informed about the progress of the project.

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