DeFI News by Thebittimes.Com

Charles Hoskinson, co-founder of the blockchain platforms Cardano (ADA) and Ethereum (ETH), criticized the governance practices of Bitcoin. When asked about Cardano’s plans for on-chain voting and decentralized decision-making during an Oct. 16 interview with crypto YouTuber Coin Bureau, Hoskinson said this approach contrasts with the “inability to upgrade” he has observed in Bitcoin. “[Bitcoin’s lack of governance has] held it back in in so many ways. […] [By drawing from successful governance systems] we can sort out a lot of the problems Bitcoin has had with its inability to upgrade.” Charles Hoskinson You might also like: Charles Hoskinson says SEC will not charge Cardano Hoskinson gave examples like Bitcoin’s failure to implement “colored coins” and sidechains as missed opportunities caused by Bitcoin’s developer structure. According to Hoskinson, Bitcoin stands in opposition to Cardano’s goal of an “...

Cardano founder backs Bitcoin Ordinals as he presents Cardano as the ideal ecosystem for housing the recently-introduced NFT project. In a recent YouTube Ask Me Anything (AMA) session , Charles Hoskinson, the founder of Cardano, waded into the ongoing discussions surrounding Bitcoin Ordinals, a recent innovation on the Bitcoin blockchain. Hoskinson expressed his belief that the Cardano ecosystem would be a more suitable home for Bitcoin Ordinals, emphasizing the network’s superior infrastructure and capabilities. He further highlighted Cardano’s robust ecosystem as a compelling advantage for hosting Bitcoin Ordinals.  “Thoughts on Ordinals? Outside of them lifting something from Math, they should migrate to Cardano. We have a much better ecosystem,” the IOHK Chief declared. With its advanced technological framework and focus on scalability, Hoskinson believes Cardano offers a more comprehensive solution for accommodating the expanded data requirements of...

The community has been questioning Gemini for not listing Cardano [ ADA ], despite it being a top ten token. Rick McCracken, the Project Manager at DripDropz—a token delivery platform built on the Cardano blockchain—asked the founders of the exchange, Tyler and Cameron Winklevoss, their reason for not listing ADA , despite having the native tokens of other Proof of Stake protocols. Cardano Founder Charles Hoskinson replied back to the same and said that not listing the ADA token was “pretty tightly correlated with bankruptcy and risky behavior.” At this point, not listing ada is pretty tightly correlated with bankruptcy and risky behavior. Makes you think… https://t.co/VS4UI2sg9K — Charles Hoskinson (@IOHK_Charles) December 4, 2022 The macro state of affairs Companies from the crypto space are currently trying to find their feet and stand up post the FTX episode. Crypto exchange Gemini, on its part, is reportedly trying to recover ...