According to U.Today, Charles Hoskinson, the founder of the IOG company behind the Cardano proof-of-stake blockchain, has issued a statement regarding the upcoming Mithril upgrade, which is anticipated to launch this year. Mithril aims to enhance the scalability of the Cardano network by allowing users to avoid the need for applications to run full nodes and individually validate each transaction on the Cardano chain. Additionally, Mithril seeks to create a more decentralized and secure environment to minimize the risk of centralization and ensure the integrity of the entire network.
Hoskinson emphasized the importance of the Mithril upgrade to the Cardano community, stating, “You know use light clients everywhere is basically the goal of Mithril.” He expressed pride in having a two-year advantage over certain competitors in this area. The upgrade is expected to significantly improve the network's efficiency and security, making it a crucial development for Cardano's future.
In a separate incident, Hoskinson responded to a critic who accused him of being a scammer and referred to Cardano's native coin ADA as an “s-coin with zero value.” The critic, who goes by the pseudonym @sunnydecree on social media and has over 90,000 followers, claimed that Hoskinson had dumped ADA on unsuspecting investors to make enough fiat money to “buy a farm and fly private jets.”
Hoskinson addressed the criticism in a relaxed manner, using a cartoon extract to respond to the accusations. This exchange highlights the ongoing scrutiny and challenges faced by prominent figures in the cryptocurrency industry, as well as the importance of transparent communication with the community.