Charles Hoskinson Reveals Reasons Behind Lack of Public Cardano Wallet

charles hoskinson cardano founder

Charles Hoskinson, the founder of Cardano, initiated a significant discussion on the X platform after being questioned about why he does not have a public wallet address, unlike Ethereum’s founder Vitalik Buterin.

Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol

A user raised the question, highlighting an apparent inconsistency between the two founders’ approaches. The user pointed out that Vitalik Buterin, the founder of Ethereum and a subject of discussion among the Cardano community, has a public wallet address, while Cardano’s founder does not.


Hoskinson responded to the query, clarifying that his decision to not have a public address is driven by security considerations. Having a public address could expose him to transactions from sanctioned nations and wallets, leading to potential blacklisting of his account.

He pointed out the risk of unauthorized transactions coming from nations under sanctions or from wallets like tornado cash, which could have serious implications for his account.

Furthermore, Hoskinson emphasized that his approach aligns with the concept of contingent settlement, further validating his stance on the matter.

Get Instant 100,000 CHIKA Tokens Airdrop Worth Of $100 USD Free On www.ChikaMoji.lol

Hoskinson’s explanation triggered a lively discussion among the community, with several follow-up questions being raised. One member questioned whether Hoskinson’s viewpoint hinted at promoting contingent transactions on Cardano, potentially suggesting a departure from the traditional permissionless nature of blockchains.

Centered JavaScript



In defense of Hoskinson, another user stepped in, challenging the allegation and urging the skeptic to carefully interpret Hoskinson’s explanation. They emphasized that he had not explicitly endorsed any changes related to “contingent transactions.” Moreover, they stressed that the blockchain’s open, permissionless, and free nature allows Hoskinson the freedom to manage his interactions as he deems appropriate.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Join Cryptos Headlines Community

Follow Cryptos Headlines on Google News and Threads App

Author

  • SHBAZ

    A crypto enthusiast, Loves to write, Loves to explore and stay up-to-date about the latest developments in the crypto world. #Btc #Crypto #NFT

Leave a Reply

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