Monday, April 12, 2021

Charles Hoskinson Questions Cointelegraph for Omitting Cardano (ADA) PoS Protocol in its PoS-Dedicated Article

The CEO of IOHK Charles Hoskinson, who doubles as the co-founder of Cardano (ADA) and Ethereum (ETH) has questioned the notion of the major crypto news outlet, Cointelegraph, for failing to mention Cardano (ADA) Proof-of-stake protocol in its latest PoS-dedicated article.

This was brought into the attention of Charles Hoskinson by a Cardano community member identified on Twitter as Katsumoto, after reading an article written by Cointelegraph, titled, “Staking Consensus and the Pursuit of Decentralization.”

After reading the article, he noticed that the article is based on proof of stake protocol, but without a mention of Cardano (ADA) Ouroboros Proof-of-stake protocol (PoS).

He took to Twitter to showcase his grievances by questioning the notion of the crypto news outlet for omitting such a big project.

Katsumoto shared this, “0 mention of Cardano’s Ouroboros PoS algorithm. All truth passes through three stages: First, it is ridiculed. Second, it is ignored, third you win. I’m thinking we’re in stage 2ish Any reason in particular for omission? Cointelegraph”

This observation also raised concerns among some Cardano community members. This was deduced from their reactions to the tweet.

Charles Hoskinson Corroborates

The CEO of IOHK Charles Hoskinson corroborated the Cardano community member’s assertion by questioning the omission of the project he termed as the best and most academically cited Proof-of-stake (PoS) protocol on market, after going through the article.

“Pretty amazing that the best and most academically cited proof of stake protocol on market was omitted. Cointelegraph any reason?”

Huge Success Made By Cardano Shelley Incentivized Tesnet (ITN)

According to the Cardanians, the guardians of Cardano (ADA) security and decentralization, Shelley Incentivized Tesnet (ITN) has so far been significantly successful.

In the update, the Cardanians stated that Shelley ITN now has over 1000 stake pools created and 38% of the ADA supply delegated, concluding that Shelley testnet’s integration into mainnet is underway.

“The Cardano Shelley ITN has been a huge and unexpected success, with over 1000 stake pools created and 38% of the ADA supply delegated. It’s time for the next step. Soon we will see the Haskell test-net and then the launch of the decentralized main-net. Fasten your seatbelts,” the Cardanians shared.

Solomon Odunayo
Solomon has a growing passion for writing, this propelled him to keenly work on Eagles News Media for about two years before delving into the cryptocurrency and Blockchain industry he finds more interesting. He worked as a crypto Journalist and Editor at NewsLogical before joining Herald Sheets, owing to the priceless experience he has accumulated since he became a contributor in the crypto community.

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