Cardano Co-Founder Pays Tribute to The MakerDAO Co-Founder - The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News

The Co-Founder of the blockchain engineering firm, Input Output Global, Inc., and the Cardano blockchain platform pays tribute to MakerDAO co-founder, Nikolai Muchgian.

Charles Hoskinson, the Cardano Co-Founder wrote on his Twitter on November 1, 2022, as “Nikolai was a very young and extremely bright man who had a very wide array of interests from game theory to urbit.”

I knew Nikolai from back in the Bitshares days. He was a very young and extremely bright man who had a very wide array of interests from game theory to urbit. I believe he went to CMU and had a deep understanding of technology. Sad to see what happened https://t.co/E5C7jIqsn1

— Charles Hoskinson (@IOHK_Charles) November 1, 2022

MakerDAO is a decentralized finance platform that lets the borrowers use volatile cryptocurrency as security interest for loans of stablecoins (called dai) pegged to the U.S. dollar. The borrower pays interest on the loans, but if the crypto security interest falls too far, it’s sold to pay off the loan.

Not only Mr. Hoskinson expressed his deepest sympathies to Muchgian, but the crypto community also added their fellow feelings.

It must be noted that Former MakerDAO Co-Founder, Nikolai Mushegian, died at the age of 29 in Puerto Rico, after being dragged away by sea currents close to Condado Beach.

Along with Mr. Hoskinson, Rune Christensen, CEO of MakerDAO, Craig Sellars, Co-Founder of Tether, also showed their deepest sympathies.

Nikolai was one of the only people in the early days of Ethereum and smart contracts who was able to predict the possibility of smart contract hacks and invented the security-oriented approach to smart contract design we know today. Maker would have been toast without him

— Rune (@RuneKek) October 31, 2022

Cardano Founder

Charles Hoskinson recently said “ignore the markets.” He often voiced his opinion on the markets, which he thinks are disconnected from reality.

Dogecoin liquidations were in the middle of the highest among major cryptocurrencies in the recent 24 hours, at over $21 Million, as bulls took a break from the weekend’s advance.

He also believes that Dogecoin has finally found a use case, if it is finally integrated with Twitter. According to the Cardano creator, Musk’s takeover of Twitter has raised the probability of DOGE integrating with the social media platform.

Earlier this month, Hoskinson made a statement citing to the comments that the NFT community made, along with the comments and the savage Cardano memes made by the NFT Community on Reddit.

He added as watching the comments on /r/cryptocurrency, he thinks that he must have created the union of celsius, Luna, and Casper. And also asked them to make at least better memes.

In Particular, there was one nice comment from a member of the crypto Twitter community who asked Charles to be positive as the user commented “Keep your head up Charles! You’re doing great things.”

Cardano ADA Price

At present, Cardano price is $0.392215 USD with a 24-hour trading volume of $507.83 Million USD. Cardano is down 4.34% in the last 24 hours. The current CoinMarketCap ranking is #9, with a live market cap of $13.46 Billion USD.