As an analyst with experience in the blockchain industry, I have closely followed the developments of Cardano and its founder Charles Hoskinson. In light of recent events, I believe that Hoskinson’s upcoming Mithril upgrade holds significant potential for the Cardano network. His statement regarding the scalability benefits and increased security is promising, as it aligns with the broader goal of making blockchain technology more accessible and efficient for mass adoption.
Charle Hoskinson, the mastermind behind IOG, the organization responsible for the development of the Cardano proof-of-stake blockchain, has shared insights on an anticipated update named Mithril, set to debut this year.
Hoskinson, in turn, addressed a detractor labeling Cardano’s coin as an “S-coin” and alleging him as a fraudster.
Hoskinson’s Mithril message to community
As a crypto investor in Mithril, I’m excited about its mission to enhance the scalability of the Cardano network. Instead of requiring applications to operate full nodes and independently verify every single transaction on the Cardano blockchain, Mithril aims to offer a solution that makes this process more efficient for me as an end-user.
Additionally, Mithril works to establish a more dispersed and protected system in order to reduce the potential for centralization and maintain the overall network’s authenticity.
Charles Hoskinson reminded the Cardano community about the goal of the approaching crucial upgrade: “You know use light clients everywhere is basically the goal of Mithril.” He also stated that he feels pride in having “already a 2 year advantage on certain competition.”
Mithril aims to implement light clients ubiquitously, which is an exciting goal to achieve. We currently enjoy a two-year head start over some competitors in this regard.
— Charles Hoskinson (@IOHK_Charles) July 12, 2024
Cardano founder responds to ADA critic
Charles Hoskinson addressed a criticism from user @sunnydecree, whose real identity is unknown and has over 90,000 followers, who labeled him as a scammer for creating a coin named s-coin to profit from it.
The commentator expressed his view that Cardano’s native token ADA, labeled as an “insignificant coin” by him, was allegedly discarded by Hoskinson towards unsuspecting investors. He further pointed an accusatory finger at Hoskinson, claiming he had amassed sufficient wealth from selling ADA to purchase a farm and afford private jet travel.
— Charles Hoskinson (@IOHK_Charles) July 12, 2024
Charles Hoskinson hit back at the critic in a relaxed manner, using a cartoon extract.
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2024-07-13 15:57