Charles Hoskinson sets the record straight: ADA staking offers freedom, flexibility, and full control—no lockups, no manipulation, just decentralization at its best. 🚀
Charles Hoskinson, the visionary behind the Cardano blockchain, recently dispelled misconceptions surrounding ADA staking. Contrary to claims that ADA is locked during staking to limit sales and artificially boost market capitalization, Hoskinson clarified that Cardano's staking mechanism is entirely non-custodial. This allows ADA holders to stake their assets without any lockup periods, giving them the flexibility to sell their coins whenever they choose.
Unlike other Proof-of-Stake networks that enforce asset lockups, Cardano provides rewards to stakers while maintaining full control over their funds. Hoskinson emphasized that ADA's market capitalization is driven purely by the total supply and its market value, without any manipulative practices linked to staking. As of now, ADA’s total capitalization stands at $11.9 billion.
In highlighting Cardano's decentralized approach, Hoskinson stressed that ADA coins are never held by third parties during staking, ensuring user security and liquidity. The flexibility of Cardano's system enables participants to remove their ADA from staking at any moment, promoting a balance between rewards and accessibility.
Hoskinson also took the opportunity to critique Bitcoin, pointing out its lack of adaptability. He suggested that Bitcoin's refusal to evolve could ultimately lead to its downfall, contrasting it with Cardano's innovative and user-friendly ecosystem. $ADA
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