Cardano Creator Addresses FUD Surrounding World Mobile Partnership
Cardano (ADA) founder Charles Hoskinson recently addressed a rise in the number of negative comments within the crypto community, often referred to as FUD (Fear, Uncertainty, and Doubt). This rise in skepticism coincided with the partnership between Cardano and World Mobile, a project aiming to provide internet connectivity in underserved regions. Addressing Community Concerns Hoskinson […]
Cardano (ADA) founder Charles Hoskinson recently addressed a rise in the number of negative comments within the crypto community, often referred to as FUD (Fear, Uncertainty, and Doubt). This rise in skepticism coincided with the partnership between Cardano and World Mobile, a project aiming to provide internet connectivity in underserved regions.
Addressing Community Concerns
Hoskinson took to the popular social media platform, X to acknowledge the “wave of FUD” targeting the Cardano community. He stated that this negativity is most likely cyclical, resurfacing whenever the project’s potential and roadmap gain significant traction.
Read Also: Cardano Top Executive Refutes FUD about Upcoming Vasil Hard Fork: Details
A central point of view appears to be the intersection between Cardano’s roadmap and World Mobile’s specific goals. Areas like identity management, partner chains, and Cardano’s unique programming model (EUTXO) have sparked confusion.
Man, it's raining FUD this weekend, and I'm not sure about the origin. I guess it's that time of the cycle where everyone freaks out about Cardano's potential and roadmap, so they throw a wave of FUD at us.
With respect to World Mobile, the goals of their project require the…
— Charles Hoskinson (@IOHK_Charles) March 17, 2024
Partner Chains: Friend or Foe?
Hoskinson addressed a circulating misconception regarding partner chains. He emphasized that they are not separate entities, but rather extensions of the Cardano framework. This allows projects like World Mobile to develop customized protocols while leveraging Cardano’s robust security infrastructure.
Hoskinson also stressed the importance of cross-chain transactions, a core feature of third-generation blockchains like Cardano. These transactions allow seamless interaction between blockchains, ultimately increasing network value by enabling interoperability.
Cardano’s Vision and World Mobile’s Role
Hoskinson reiterated Cardano’s core mission: connecting the unconnected and building decentralized networks with fair and equitable rules. He showed full support for World Mobile’s leadership and its shared vision of digital inclusion. The collaboration between Input Output Global (IOG), the entity behind Cardano development, and World Mobile ensures continued progress and Cardano’s integral role in the project.
He further acknowledged the complexity of projects like World Mobile Chain (WMC). He stated the need for such projects to be free to develop unique protocols tailored to their specific requirements.
We are on twitter, follow us to connect with us :- @TimesTabloid1
— TimesTabloid (@TimesTabloid1) July 15, 2023
Read Also: Charles Hoskinson: September 12th Is a Big Day for Cardano, There Is a Massive FUD Storm Underway
This might involve distinct approaches to consensus mechanisms, ledger rules, network design, and transaction processing. By allowing this flexibility within the Cardano ecosystem, Hoskinson believes it fosters innovation and caters to diverse project needs.
His tweet aimed to dispel the FUD surrounding the World Mobile partnership. By doing so, he shed light on the importance of partner chains, Cardano’s core vision, and the collaborative efforts with World Mobile, ultimately fostering a more informed and positive outlook within the Cardano community.
Follow us on Twitter, Facebook, Telegram, and Google News.
Solomon is a trader, crypto enthusiast, and analyst with over four years of experience in the industry. He strongly believes that crypto assets and the blockchain will continue to gain prominence. At TimesTabloid.com, he focuses on news, articles with deep analysis of blockchain projects, and technical analysis of crypto trading pairs.
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
