Cardano is a popular Proof-of-Stake (PoS) crypto network. This project was developed & launched by Charles Hoskinson in 2017. Before the Cardano project, Hoskinson was one of the contributing developers in the Ethereum project, as a co-founder. Because of some disagreement with the core Ethereum co-founder Vitalik Buterin, Hoskinson left the Ethereum project to develop & launch his separate blockchain as a rival of Ethereum.
On 14 Dec 2024, A video clip was shared by Cardano enthusiasts, in which a Wyoming stablecoin project official called Cardano a non-decentralized blockchain network & also claimed that a company (IOG) runs it.
Cardano is not decentralized, but based in Wyoming, and run by a company, according to the Wyoming Stable Token @wyostable @wyoapollo 🤡 #Cardano pic.twitter.com/sOTqJR0sRI
— St₳ke with Pride 🌈 SPO & DRep (@StakeWithPride) December 14, 2024
In short, the Wyoming stablecoin project official believes the Cardano blockchain is run by Input Output Hong Kong Global (IOG) under a centralised medium.
In response, Cardano founder Charles Hoskinson said that the person who called Cardano a non-decentralized blockchain network is a former Ethereum developer firm Consensys employee.
Hoskinson explained that Cardano was criticized because he was a former Ethereum project contributor, and some interpreted his actions as negativity toward Cardano due to his past rivalry with Ethereum.
This is the guy who made the decision to exclude Cardano, XRP, ICP, Bitcoin, Hashgraph, etcBut he did include Ethereum. He knows a lot about it, given his former employer was Consensys… https://t.co/wfC2thhTB6
— Charles Hoskinson (@IOHK_Charles) December 14, 2024
Hoskinson claimed that this is the only person who excluded Cardano, XRP, ICP, Bitcoin, Hashgraph, etc like top crypto projects from the contribution in Wyoming stable token.
Wyoming Stable Token & controversy
A month ago, the Wyoming stable token project team considered taking help from Solana, Avalanche, Sui, Steller, Ethereum, Polygon, Arbitrum, Base, & Optimism.
At the time, Cardano’s founder claimed that a former Ethereum employee played a clever game against Cardano, like innovative crypto projects. He also claimed that Wyoming Stable token project officials didn’t follow any proper way for all the crypto project teams to demonstrate blockchain functionality.
Read the full story here! https://t.co/5r7WWJ1zF2#Cardano Founder Slams Wyoming for Snubbing $ADA Team in #Wyoming Stablecoin Project
— Bitcoinik (@Bitcoinikdotcom) November 23, 2024
Read also: Cardano ($ADA) coin following super rocket pattern! Hoskinson Reveals Decentralised Map 2025
