{"id":7086,"date":"2023-11-02T10:31:36","date_gmt":"2023-11-02T10:31:36","guid":{"rendered":"https:\/\/newsbuzz24x7.com\/cardano-founder-defends-iog-addresses-frustration-in-cardano-community\/"},"modified":"2023-11-02T10:31:36","modified_gmt":"2023-11-02T10:31:36","slug":"cardano-founder-defends-iog-addresses-frustration-in-cardano-community","status":"publish","type":"post","link":"https:\/\/newsbuzz24x7.com\/cardano-founder-defends-iog-addresses-frustration-in-cardano-community\/","title":{"rendered":"Cardano Founder Defends IOG, Addresses Frustration in Cardano Community"},"content":{"rendered":"<p><\/p>\n<div>\n<p><b>Cardano founder Charles Hoskinson has defended IOG, the project\u2019s research and engineering arm, against community backlash.<\/b><\/p>\n<p><span style=\"font-weight: 400;\">The founder of Cardano, Charles Hoskinson, has leaped to the defense of recent initiatives by Input Output Global (IOG), Cardano\u2019s research and engineering arm. Hoskinson reiterated IOG\u2019s commitment to onboarding millions of users into the Cardano ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Notably, Cardano\u2019s IOG has come under scrutiny for some initiatives it has implemented to drive the blockchain ecosystem forward in recent months. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">For instance, IOG recently unveiled plans to build a privacy-focused Cardano sidechain called Midnight and <\/span><span style=\"font-weight: 400;\">acquired a popular community wallet, Nami<\/span><span style=\"font-weight: 400;\">. The Cardano division also plans to adopt CIP 1694, a proposal to give more governance power to the project\u2019s community.<\/span><\/p>\n<p><span class=\"td-adspot-title\">&#8211; Advertisement &#8211;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yet, factions of the Cardano community have been unsatisfied with these initiatives, often highlighting how they tend to centralize the blockchain\u2019s ecosystem further rather than decentralize it. As The Crypto Basic reported, certain community members noted that the Nami wallet acquisition creates further IOG monopoly.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, Charles Hoskinson, in a recent comment, defended IOG\u2019s latest endeavors. The Cardano founder reminded the community that IOG is like every other company building decentralized applications for the Cardano network.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">I seem to notice a lot of this lately. Nami, Midnight, etc etc.  Lots of amazing people are building and bringing new users, capabilities, and experiences into the ecosystem. IOG is a builder. We aren&#8217;t different from any DApp company in Cardano. <\/p>\n<p>We have products and services\u2026 https:\/\/t.co\/4hWArOD0bw<\/p>\n<p>\u2014 Charles Hoskinson (@IOHK_Charles) November 1, 2023<\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">\u201cIOG is a builder,\u201d Charles Hoskinson tweeted, adding that the company has developed a range of products and services and is \u201chere to bring millions into the [Cardano] ecosystem.\u201d <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Cardano founder expressed concerns about community members who are \u201cactively hostile\u201d to IOG\u2019s efforts and deployment of capital to enhance growth within the Cardano ecosystem.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Further, Charles Hoskinson broke down how each of the recent initiatives contributes to the overall goals of the Cardano team. He explained that CIP 1694 creates a more decentralized ecosystem than an \u201coligarchy,\u201d as certain users have claimed.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The company\u2019s Lace wallet is designed to onboard Bitcoin and Ethereum users to Cardano, while Midnight aims to make Cardano a leader in data confidentiality. Lastly, the recent Nami wallet acquisition is simply an attempt to \u201caccelerate a great simple user experience.\u201d<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Cardano Founder Calls for Unity\u00a0<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Alluding to Cardano\u2019s plans to become the number one blockchain ecosystem, Charles Hoskinson called for unity of mind within the global community. Specifically, he urged the community to stop being drama queens and \u201cfocus on building, partnering, and welcoming new positive developments.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The Cardano founder\u2019s call for unity comes at a time when the network is seeing an <\/span><span style=\"font-weight: 400;\">uptick in stablecoin usage and a relatively stable DeFi ecosystem<\/span><span style=\"font-weight: 400;\">. If achieved, such unity would evidently help Cardano as it continues to compete against other layer-1s to become users\u2019 preferred destination.<\/span><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<div class=\"td-a-ad id_bottom_ad \"><span class=\"td-adspot-title\"\/><\/p>\n<p style=\"text-align: center;\"><span style=\"text-decoration: underline; color: #000000; background-color: #ffffff;\"><strong>Follow Us<\/strong> on Twitter and Facebook.<\/span><\/p>\n<p style=\"text-align: left;\"><strong>Disclaimer<\/strong>: This content is informational and should not be considered financial advice. The views expressed in this article may include the author&#8217;s personal opinions and do not reflect The Crypto Basic\u2019s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.<\/p>\n<p style=\"text-align: center;\">-Advertisement-<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n#Cardano #Founder #Defends #IOG #Addresses #Frustration #Cardano #Community<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cardano founder Charles Hoskinson has defended IOG, the project\u2019s research and engineering arm, against community backlash. The founder of Cardano, Charles Hoskinson, has leaped to the defense of recent initiatives by Input Output Global (IOG), Cardano\u2019s research and engineering arm. Hoskinson reiterated IOG\u2019s commitment to onboarding millions of users into the Cardano ecosystem. Notably, Cardano\u2019s&#8230;<\/p>\n","protected":false},"author":1,"featured_media":5557,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-7086","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news"],"_links":{"self":[{"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/posts\/7086"}],"collection":[{"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/comments?post=7086"}],"version-history":[{"count":0,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/posts\/7086\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/media\/5557"}],"wp:attachment":[{"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/media?parent=7086"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/categories?post=7086"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsbuzz24x7.com\/wp-json\/wp\/v2\/tags?post=7086"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}