Hoskinson Responds to Call for His Removal as IOG CEO

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.