Apr 27 / 2019

Cardano’s Charles Hoskinson pokes fun at CZ

By Chrisophter Attard

Shortly after Cardano [ADA] was freshly listed on Huobi’s exchange arm, the crypto founder Charles Hoskinson took a mild jab at Binance’s Chanpeng Zhao in a scheduled AMA network update.

Even though Cardano has failed to post new all time highs after network patches earlier this year, ADA’s community seems to have moved beyond the hype, supporting the project nonetheless.

Hoskinson has long been lauded by community members for keeping those interested in the project informed via his Ask Me Anything sessions. However, Hoskinson’s latest AMA verged on some mild banter aimed at Binance’s CEO Changpeng Zhao. In the latest AMA session, Hoskinson addressed a user who claimed that “ADA is dead”, replying:

” .. he [CZ] couldn’t afford me and it is far from dead, we’re doing great. We have never seen a velocity like this.”

Hoskinson, who is the Co-founder of Ethereum as well as the CEO of IOHK, spoke about the Haskell demo – which is a complete code library audit – and added that it will be accessible for public viewing in due course. He also said that the firm also generates massive amounts of documentation and progress reports, most of which will be made accessible for the public.

Answering a user’s query regarding ADA storage on Raspberry Pi for staking, Hoskinson admitted that he wouldn’t recommend storing private keys on the device. At the same time, Hoskinson said that storing ADA wouldn’t amount to any risk due to the intrinsic coding of Cardano.

He explained:

“One of the unique value of Cardano is that the devices and infrastructures that stakes do not require for that infrastructure to also hold the spending keys for the value.”

According to the CEO, even if the stake pool gets compromised, the worst case scenario would be for the stake pool to behave “maliciously” just for that epoch, which is to say that the value that is being delegated to it is never at risk. He went on to say that a paper wallet or a ledger device is “a much better idea” for storing crypto, instead of a device like Raspberry Pi.

This comes shortly after HBUS, the operator of the U.S.-based digital asset exchange Huobi.com opened trading options for its latest listing of Cardano (ADA) and Nebulas (NAS) with BTC, ETH, and USDT trading pairs.

Meet one of the mathematical geniuses behind Cardano-backed-IOHK, Dr. Lars Brünjes, who will be delivering his keynote speech on the 23-24 May at the Malta A.I. & Blockchain Summit.

Book your tickets now.

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