Hoskinson criticizes the WST project for excluding XRP, which he believes could have boosted liquidity.
The WST project’s shift from multichain to Ethereum limited blockchain options and innovation.
Hoskinson calls for more transparency and fairness in blockchain selection processes in the future.
Charles Hoskinson criticized the blockchain selection process for Wyoming’s Stablecoin (WST) project, saying it unfairly excluded several blockchain projects, including XRP.
Hoskinson said XRP was left out of the process, which he believes resulted in a liquidity loss for the XRP Ledger. His remarks responded to statements made by crypto influencer Ben Armstrong, sparking debate about the WST project’s blockchain selection.
XRP’s Lost Opportunity
Hoskinson said Ripple’s XRP could have benefited from participating in the WST project. He argued the project would have provided a valuable liquidity boost to the XRP Ledger.
Hoskinson saw Ripple’s involvement with the RLUSD stablecoin as a great opportunity. He implied that Ripple’s participation could have resulted in the issuance of millions of dollars in stablecoins, increasing liquidity on major exchan…
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