Charles Hoskinson Responds to Claims That Cardano (ADA) Is Too Centralized

Charles Hoskinson, the founder of the Cardano blockchain, responded to recent claims about Cardano being too centralized.

Charles Hoskinson, founder of the Cardano blockchain, responded to recent claims that the cryptocurrency is too centralized.

According to critics, only three organizations control Cardano: the Cardano Foundation, Hoskinson’s company IOG, and Emurgo. This, they said, makes Cardano inferior to Bitcoin, which no single group controls.

However, Hoskinson rejected these accusations in a tweet. He said critics often spread misinformation about Cardano, aiming to induce fear, uncertainty, and doubt.

According to Hoskinson, he expects critics to continue this behavior for many years. He added that fighting this misinformation takes time and costs millions of dollars.

Critics will continue to say the same 3 lies about Cardano for many years to come. 1) It's too centralized. 2) It's not used enough. 3) People don't like it. All designed to induce FUD and discredit the ecosystem. Expect to spend many years and millions of dollars fighting it.

— Charles Hoskinson (@s_papoola) April 27, 2024

Earlier, former U.S. President Donald Trump mentioned several cryptocurrencies. Among them were XRP and Cardano’s ADA as potential currencies the U.S. government could hold.

This statement surprised David Schwartz, Chief Technology Officer of Ripple, the company behind XRP.

“Am I dreaming?!” Schwartz asked on X (formerly Twitter).

To this, Hoskinson replied that he respects XRP, which has faced many challenges over the past decade and pulled through. He also noted XRP’s strong and committed community.

I respect XRP, which has been through the wringer for a decade now, and pulled through. They also have a very strong and committed community. I’ve studied the code and protocol of XRP now, and my admiration for it and Schwartz’s technical leadership has grown. https://x.com/s_papoola/status/1717060002648888763?s=maphdm