Charles Hoskinson debunks FUD surrounding Cardano's Hydra protocol, partnerships, and scaling strategy, reaffirming commitment and progress.
Addressing concerns and rumors surrounding the Cardano project, Charles Hoskinson, the founder, took to messaging over the weekend to provide clarity on various issues, including the development of Hydra, partnerships, and the blockchain's scaling strategy.
Hoskinson Dismisses FUD Regarding Hydra
Hoskinson refuted rumors about the abandonment of the Hydra protocol, dismissing such claims as unfounded fear, uncertainty, and doubt (FUD). He stated, “I’ve noticed videos claiming Hydra's abandonment. This is pure FUD. Our team remains highly productive and motivated, with significant community engagement and forthcoming protocol enhancements.” Hoskinson directed interested parties to the official Hydra website for updates.
In response to inquiries about timelines for initiatives like the DISH partnership, the ERC20 converter, activities in Ethiopia, ventures in other African regions, and a partnership in Mongolia, Hoskinson provided a comprehensive update.
He highlighted the successful deployment of the ERC20 converter, enabling SingularityNET‘s transition to Cardano and marking it as a billion-dollar asset. Hoskinson added, “Our work in Africa continues through John via RealFi, we have trained developers in Mongolia, and completed pilots with all mentioned entities. Please verify your information.”
Addressing questions about scaling Cardano, Hoskinson encouraged viewers to watch a detailed video outlining Cardano’s readiness for scaling challenges in a decentralized, secure, and high-integrity manner. He emphasized Cardano’s achievements, such as over 2300 days of continuous operation, showcasing the project’s resilience and commitment to its principles.
“Cardano is well-prepared to meet these challenges in a decentralized, secure, and high-integrity manner. Let's not forget our achievements with over 2300+ days of uninterrupted uptime, all while staying true to our principles,” Hoskinson remarked.
Clearing Misconceptions About World Mobile Partnership
Commenting on skepticism and negativity towards Cardano, Hoskinson remarked, “It’s pouring FUD this weekend, and I'm unsure of its origins. It seems to be that time in the cycle where concerns arise about Cardano’s potential and roadmap, leading to a wave of FUD.”
He shed light on the World Mobile partnership, highlighting its ambitious objectives. “No existing system in the blockchain ecosystem can handle a project of this scale involving billions of users. That’s why World Mobile is developing it,” explained Hoskinson.
Dispelling misunderstandings about partnerchains, Hoskinson emphasized their integral role within Cardano, contrary to community misconceptions. Partnerchains enable the development of highly complex projects with unique protocols, including different consensus mechanisms, ledger rules, and transaction semantics. He stressed that this adaptability is crucial for initiatives like World Mobile and decentralized social networks, aiming to connect the unconnected through a fair and equal decentralized network.
Hoskinson’s recent discussions not only countered circulating FUD but also reaffirmed Cardano's strategic direction and strong foundation for future growth. His statements underscore the Cardano team’s dedication to scaling the network securely and sustainably while pushing the boundaries of blockchain technology.
As of the latest update, ADA was trading at $0.696.
