The founder of Cardano (ADA), Charles Hoskinson, sparked the debate on Wednesday. The Global Entry Manager (IOG) said that Cardano was finished, adding that he was working on the project without any financial compensation since 2020.
By completing Cardano, Hoskinson meant that the network had fulfilled the original contractual obligations for Iog during the launch of Cardano in 2015.
Hoskinson’s remarks arise from the expiration of the original IOG contract which started with the distribution of Genesis blocks in 2015.
“Cardano is finished. The original contract expired in 2020. I have been working for free because I have been cared for Cardano since 2020,” said Hoskinson.
In addition, he explained that the scaling according to the original roadmap is carried out, adding that it had transcended a motion target. According to Hoskinson, Iog is currently working on advanced scaling solutions, such as Leios and Hydra.
However, these projects can be “at risk” without guaranteed funding. According to Hoskinson, not receiving funding could lead to their departure for other opportunities. The declaration haus the eyebrows, arousing strong criticism from the members of the longtime community.
“I mean this respectfully: how was the contract finished if the scaling was not entirely delivered according to the roadmap?” A user challenged.
The original roadmap, which, according to Hoskinson, concluded in 2020, promised a scalability to compete with the upper blockchains. Hydra, in particular, aims to allow the treatment of parallel transactions.
This could raise the cardano flow to compete with the 65,000 solara theoretical transactions per second (TPS), a contrast that is striking with its current TPS.
However, community members claim that Cardano is still below his vision of third generation blockchain for mass adoption.
“Basho, Leois and Hydra have all spoken and they were not implemented on Mainnet. So how was Cardano completely finished from the original roadmap? These things are clearly missing,” added another user.
Meanwhile, this controversy extends to wider concerns concerning the Cardano governance and financing model. Hoskinson explained that Iog would not work at a loss or free.
He also challenged community pressure for decentralized decision -making, in particular the idea of ”competitive offers” for development work. According to Hoskinson, this disadvantages Western developers in high cost regions.
He thinks that the promotion of such a model could oblige Iog to dismiss staff or establish development centers in areas at a lower cost such as India or Eastern Europe.
“… I will not dismiss hundreds of employees either and replace them with low-cost developers to compete with low-cost offers like most companies. We are not a business and equipment business. We build cryptocurrencies,” he said.
Hoskinson had previously criticized the governance structure of the Cardano Foundation. As Beincrypto reported, he argued that he was putting the touch of the ADA community and pleaded for an organizational transition based on members (MBO).
Other previous disputes have included budget allocation debates and different opinions on the recently introduced Cardano Constitution.
Although the Foundation has expressed its desire to support the new Constitution, it has been cautious about budgetary approvals, citing the need for a more in -depth examination.
When writing these lines, the Cardano Ada token was negotiated at $ 0.68, down almost 2% in the last 24 hours.
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