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03/18/2024

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Charles Hoskinson Addresses Cardano FUD Amid World Mobile Partnership

Story Highlights Cardano founder took to X and addressed growing FUD in the ADA community. He debunked rumors around Cardano and World Mobile partnership. He reaffirmed the goals of World Mobile and...

Charles Hoskinson Addresses Cardano FUD Amid World Mobile Partnership

Cardano News: Charles Hoskinson Addresses Cardano FUD Amid World Mobile Partnership

Story Highlights

  • Cardano founder took to X and addressed growing FUD in the ADA community.
  • He debunked rumors around Cardano and World Mobile partnership.
  • He reaffirmed the goals of World Mobile and explained why it is an integral part of Cardano.

Mounting FUD (Fear, Uncertainty, and Doubt) within the Cardano (ADA) community sparked speculations lately. Cardano founder Charles Hoskinson has stepped forward to address concerns, particularly in light of the partnership with World Mobile announced in April 2021.

Charles Hoskinson Answers FUD Concerns

Hoskinson took to X and addressed the unprecedented rise of FUD in the Cardano community. He wrote, “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.”

Central to the discussion is Cardano’s roadmap, which intersects with World Mobile’s objectives. This particularly entails in areas such as identity, partnerchains, and unique programming models like EUTXO. Moreover, Hoskinson clarified the misconception surrounding partnerchains.

The ADA  founder asserted that they are integral to Cardano’s framework and offer flexibility for projects like World Mobile to develop unique protocols while benefiting from Cardano’s secure infrastructure. Furthermore, Hoskinson underscored the significance of cross-chain transactions in enhancing network value by emphasizing interoperability as a cornerstone of third-generation blockchains.

Also Read: Cardano Founder Claps Back At Critics On Hydra Development

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Is WMC Not A Part Of Cardano?

In addition, he reiterated Cardano’s commitment to connecting the unconnected and creating decentralized networks with equitable rules. He stated, “Every human should be connected by a decentralized network with equal and fair rules.” Moreover, while acknowledging the challenges ahead, Hoskinson expressed confidence in World Mobile’s leadership and their shared mission.

Additionally, he highlighted ongoing collaborations between IOG and World Mobile to support their vision and ensure Cardano’s continued involvement in the project. Furthermore, Hoskinson clarified a recurring misunderstanding within the community regarding partner chains and their relationship to Cardano. Despite initial confusion, Hoskinson reaffirmed that partner chains are indeed integral to Cardano’s ecosystem.

In addition, Hoskinson emphasized the necessity for hypercomplex projects like World Mobile Chain (WMC) to have the freedom to develop unique protocols tailored to their specific needs. This includes variations in consensus mechanisms, ledger rules, network design, and transaction semantics.

Also Read: Cardano (ADA): Top Analyst Names Top Challenges Stumping Growth

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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