BlockchainCryptocurrency

Hoskinson Responds to Call for His Removal as IOG CEO

Charles Hoskinson(1) Cardano

Charles Hoskinson, co-founder of the Cardano blockchain and CEO of Input Output Group (IOG), has responded to calls for his removal from the CEO position. The request for his ousting was made based on claims that Hoskinson plays a passive role in the development of the Cardano blockchain and its recent upgrades.

Hoskinson addressed these claims, suggesting that there is a misunderstanding about his role as CEO at IOG, a leading research company in the development of the Cardano blockchain.

“I’m not involved technically? What do people think I do at IOG?” Hoskinson said in response to the criticism. Source

The controversy follows the launch of the Cardano hard fork on September 1, 2024, which was expected to mark a new era for Cardano. SynthLuvr, the founder of Mynth—a blockchain network focused on interoperable transfers—criticized Hoskinson for his perceived passive role, suggesting it has led to redundancy and unnecessary overhead within the company.

In response to a Cardano supporter named Chris who praised Hoskinson’s efforts, SynthLuvr argued that it might be time for the Cardano community to take a more active role in the network’s development.

SynthLuvr suggested that the IOG might consider contracting out or hiring a development firm to take over from Hoskinson. “There are already firms working on scaling Cardano. The Hydra team, currently part of IOG, could be incorporated,” SynthLuvr stated.

Author

  • Khalid Lawal

    Khalid is a cryptocurrency journalist at Today's Gazette with a strong passion for innovation and technology.

    With over five years of experience writing cryptocurrency news, Khalid excels at breaking stories. He leverages his expertise in tech and data to create analytical, unique, and insightful content.

    Over the years, Khalid has contributed to platforms such as Coingape, NewsLogical, and Toshi Times. He offers resourceful commentary and analysis of the global FinTech industry while maintaining strict adherence to regulatory compliance.

    Additionally, Khalid is an avid geospatial data enthusiast with a specific focus on geospatial data engineering.

    Holding MSc degrees in Geospatial Economics from the Université de Bourgogne and Satellite Data Science from the University of Leicester, he brings a unique perspective to his work.

    View all posts
Disclaimer

Today's Gazette cannot take responsibility for any form of loss or inconvenience that may result from any material contained on this website. The content is provided for informational purposes only and should not be relied upon for legal or financial decision-making. Nothing on this platform should be misconstrued as financial advice.

%s Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Cryptocurrency

Brazil’s Central Bank Proposes a Move to Restrict Stablecoin Withdrawals

The Central Bank of Brazil has sent out a public consultation notice...

BitcoinCryptocurrency

Metaplanet’s Strategic Use of Bitcoin as Treasury Reserve

Metaplanet has firmly established itself as one of Asia’s leading Bitcoin-acquiring firms,...

BitcoinCryptocurrencyEthereum

Metaplanet Announces Bitcoin Holding Gains As Bitcoin Tests Above $90,000

Ever since the Japanese firm announced its ambition to diversify its asset...

BlockchainCryptocurrency

Scammer Mysteriously Losses Stolen $129 Million USDT After Successful Phishing Scam

In the rapid circumstances of development in the crypto world lately, the...