- Charles Hoskinson, Cardano’s founder, explains his decision not to have a public wallet address due to security concerns.
- Hoskinson’s stance is rooted in the risk of receiving transactions from sanctioned nations and wallets, potentially leading to account blacklisting.
- The community engaged in a spirited discussion following Hoskinson’s explanation, debating the implications of the permissionless nature of blockchains.
Charles Hoskinson, the founder of Cardano, recently ignited a lively debate on the X platform when he was questioned about his decision not to have a public wallet address, unlike Ethereum’s founder, Vitalik Buterin. The query was prompted by a user who noticed the contrasting approaches of the two founders.
Read CRYPTONEWSLAND on
google news
Hoskinson responded by stating that his decision is primarily driven by security considerations. He explained that a public address might receive transactions from sanctioned countries or wallets, which could potentially lead to his account being blacklisted. This concern underscores his appreciation for the concept of contingent settlement.
The explanation given by Hoskinson led to a series of follow-up questions from the community, sparking a vibrant discussion. One community member wondered if Hoskinson’s stance suggested a shift towards promoting contingent transactions on Cardano, implying a departure from the traditional permissionless nature of blockchains.
A fellow user defended Hoskinson, arguing that his explanation did not explicitly advocate for any changes related to “contingent transactions.” They further emphasized that, given the open, permissionless, and free nature of blockchain, Hoskinson should be free to manage his interactions as he sees fit.
The future of Cardano and ADA is bright. With the ongoing development of Cardano’s blockchain protocol and the increasing adoption of ADA, the coin is set to make significant strides in the crypto space. The potential of ADA to revolutionize transactions suggests a positive trajectory for Cardano in the crypto market.
Read also:
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
