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Cardano Founder Says He Cannot Force Vasil Hard Fork

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Fri, 9/09/2022 - 5:38
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Cardano Founder Says He Cannot Force Vasil Hard Fork
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In a recent tweet, Cardano’s Charles Hoskinson explained that he is not capable of forcing the Vasil hard fork in response to a critic, highlighting the blockchain’s decentralization.

The much-anticipated upgrade is expected to occur on Sept. 22.  

"Beyond stupid"

A Bitcoin maximalist, who goes by @btc_bryan_21, stated that Hoskinson could change the total supply of ADA tokens on a whim due to its alleged centralization.

Cardano’s maximum supply is capped at 45 million ADA tokens, but the critic alleged that nothing would stop the crypto mogul from changing that, alleging that the blockchain’s monetary policy is very malleable.

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However, Hoskinson categorically rejected such an idea, adding that Bitcoin maximalists are “beyond stupid.”

In July, the former Cardano founder also said that Bitcoin maxis are the most “toxic” and “useless” people to engage in response to former MicroStrategy CEO claiming that the ADA token is an unregistered security.   

Hoskinson opposes burning ADA

As reported by U.Today, the Cardano has repeatedly opposed the idea of burning ADA tokens since all of them are actually in the hands of actual owners. This would be tantamount to stealing from the community, according to Hoskinson. Last September, he compared the idea of burning ADA to stealing food.

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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