Charles Hoskinson Became Angry With Wyoming Officials, As They Didn't Recognise the Cardano Developer Team

Cardano is a popular Proof-of-Stake (PoS) crypto network that is popular in the crypto space for its unique strategy of development

Cardano founder expresses disappointment over Wyoming officials' decision to overlook Cardano for the development of the Wyoming stablecoin token.

Cardano, a renowned Proof-of-Stake (PoS) crypto network, has garnered attention within the crypto domain for its unique approach to development, which involves disregarding trends or hype surrounding emerging technologies. Notably, this crypto project operates independently of Venture Capital (VC) funding. In essence, Cardano's developer team, Input Output Hong Kong Global (IOG), is a serious blockchain development force.

As part of the latest development, Wyoming, which happens to be the home state of Cardano's founder, unveiled a list of crypto projects that will be considered for the development of Wyoming's stable token. Interestingly, the list includes Solana, Avalanche, Sui, Steller, Ethereum, Polygon, Arbitrum, Base, & Optimism.

An attentive Crypto X user, who holds a strong affinity for the Cardano blockchain, highlighted the surprising omission of Cardano by Wyoming officials, despite the fact that Wyoming is the home state of the Cardano founder and considering Cardano's superior crypto project standing. The user speculated that this occurrence may be linked to the VC backing behind the selected projects.

🚨🚨🚨BREAKING🚨🚨🚨

Wyoming, the home state of @IOHK_Charles, does NOT consider Cardano as a viable solution for WYs stable coin.

Neither is Midnight on the shortlist 😱

What went wrong ? He did so many amazing things for the Cowboy State.

Stop VC Chains from winning! 🔥 pic.twitter.com/eqh1n95I0J

Meanwhile, Charles Hoskinson, the founder of Cardano, pointed out that Wyoming officials failed to consider Cardano as a viable solution for the WY stablecoin, likely due to a decision made by an unelected bureaucrat who was hired from the Ethereum ecosystem.

Hoskinson further asserted that the crypto team selection procedure lacked transparency, as there were no requests for demonstrations related to blockchain functionality.

The Cardano founder concluded by stating that he will not forget this mistreatment of Cardano and will actively oppose it during the upcoming election cycle.

We are still evaluating and may consider litigation. The process was opaque, didn't involve vendors building proofs of concept to demonstrate functionality, and established by an un-elected bureaucrat who was hired from the Ethereum ecosystem.

It's a deeply disturbing and…

ADA coin price action

At the time of writing, the current trade price of $ADA, the native token of the Cardano blockchain, is $1.129 and this price level showcases a 33% hike over the last 24 hours period.

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