Cardano’s (ADA) Founder, Charles Hoskinson, Says He Cannot Change ADA Supply or Force Vasil Hard Fork By DailyCoin

Cardano’s (ADA) Founder, Charles Hoskinson, Says He Cannot Change ADA Supply or Force Vasil Hard Fork

In response to the alleged centralization of , its founder Charles Hoskinson has explained that does not have the power to force the Vasil hard fork or change the supply of ADA.

Hoskinson Can’t Force the Vasil Hard Fork

On September 9, a maximalist who goes by @btc_bryan_21 on Twitter (NYSE:) claimed that Charles Hoskinson had the power to change the supply of Cardano (ADA) by deciding to burn ADA tokens.

@btc_bryan_21 said that Hoskinson could do this because of the centralization of the Cardano network. Hoskinson wasted no time in shooting back at the Bitcoin maximalist, explaining he can’t even force the Vasil hard fork.

Hoskinson wrote on Twitter.

Hoskinson’s reply continues his rout against Bitcoin maximalists, who he believes are intellectually dishonest. Earlier in the year, has called out MicroStrategy’s Michael Saylor and Jimmy Song for criticizing PoS networks.

Hoskinson’s Stance on Token Burning

Unknown to the Bitcoin maximalist, Charles Hoskinson has strongly opposed the idea of burning ADA tokens to boost its value.

According to Hoskinson, such a move requires ADA to be stolen from its holders and destroyed. About a year ago, he compared the idea of burning ADA to stealing food.

On the Flipside

  • Hoskinson has previously announced that he expects the Vasil upgrade to launch on September 22 after meeting key metrics.

Why You Should Care

With over 3.000 staking pools, a governance structure, and a treasury for future development, Cardano is too decentralized for Hoskinson to make changes on his own.

Get the latest update on Vasil’s launch in

Eight Leading Exchanges Upgrade Their Systems Ahead Of Cardano’s Vasil Hard Fork

Read how the crypto community is preparing for the Vasil upgrade below:

The World’s Largest DApp Store Launches Support For Cardano (ADA) Ahead Of Vasil Upgrade

Continue reading on DailyCoin

This news is republished from another source. You can check the original article here

Be the first to comment

Leave a Reply

Your email address will not be published.