Charles Hoskinson became angry with Wyoming officials, as they didn’t recognise the Cardano developer team for the development of the Wyoming stablecoin token.
Cardano is a popular Proof-of-Stake (PoS) crypto network that is popular in the crypto space for its unique strategy of development while ignoring trends or hype around new technology. Also, this crypto project is independent of the funding of Venture Capital (VCs). In short, Cardano’s developer team, Input Output Hong Kong Global (IOG), is a serious blockchain developer team.
In the latest development, Wyoming, the home state of Cardano’s founder, shared the list of crypto projects that can be considered for the development of Wyoming’s stable token. In that list, they mentioned Solana, Avalanche, Sui, Steller, Ethereum, Polygon, Arbitrum, Base, & Optimism.
A Crypto X user who loves the Cardano blockchain noted that Cardano was ignored by the Wyoming officials, despite the fact that Wyoming is the home state of the Cardano founder as well as Cardano is a much better crypto project. That user alleged that it happened probably because of the backing of VCs behind these projects.
🚨🚨🚨BREAKING🚨🚨🚨Wyoming, the home state of @IOHK_Charles, does NOT consider Cardano as a viable solution for WYs stable coin. Neither is Midnight on the shortlist 😱What went wrong ? He did so many amazing things for the Cowboy State. Stop VC Chains from winning! 🔥 pic.twitter.com/eqh1n95I0J
— $ADA to #1 (@flubdubster) November 22, 2024
Cardano founder Charles Hoskinson also noted that Wyoming officials did not consider Cardano as a viable solution for WY stablecoin, and it probably happened because of the decision made by an unelected bureaucrat who was hired from the Ethereum ecosystem.
Hoskinson also claimed that the crypto team selection procedure was opaque, as they didn’t ask for any kind of demonstration related to blockchain functionality.
The Cardano founder pledged that he would never forget this bad behaviour against Cardano & would show his opposition during the election.
We are still evaluating and may consider litigation. The process was opaque, didn't involve vendors building proofs of concept to demonstrate functionality, and established by an un-elected bureaucrat who was hired from the Ethereum ecosystem. It's a deeply disturbing and…
— Charles Hoskinson (@IOHK_Charles) November 22, 2024
ADA coin price action
The current trade price of $ADA, the native token of the Cardano blockchain, is $1.129 & this price level is 33% higher over the last 24 hours period.
Cardano ($ADA) is pumping rapidly, but Cardano founder is not happy. He is angry against an unelected #Wyoming stable token bureaucrat who was hired from the #Ethereum ecosystem & playing against #Cardano blockchain project pic.twitter.com/tvtpjm5zoh
— Bitcoinik (@Bitcoinikdotcom) November 23, 2024
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