Cardano founder Charles Hoskinson has reacted to comments praising Input Output Hong Kong (IOHK), the firm behind the Cardano blockchain, for consistently fulfilling its promises to the ecosystem.
https://t.co/avzP6quCLF pic.twitter.com/AsWdZJuT3I
— Charles Hoskinson (@IOHK_Charles) December 9, 2024
On December 8, Taptool, a Cardano analytics platform, complimented IOHK as an “overachiever” in a post on X, citing the firm’s history of meeting its commitments. Hoskinson acknowledged the praise with a unique reference in another X post today, December 9, 2024. He shared a 41-minute clip from the video game series StarCraft II: Heart of the Swarm, in which Sarah Kerrigan expresses gratitude to Jim Raynor.
Notably, Hoskinson is the current CEO of IOHK. Under his leadership, the firm has driven significant innovations for Cardano, focusing on decentralization, scalability, and security. One major milestone was the Chang upgrade, which transitioned Cardano to a decentralized governance model. This evolution culminated in the blockchain’s “Conway ledger era,” which, according to the developers, introduces a concept called “liquid democracy.”
Meanwhile, Hoskinson has also hinted at potential collaborations with Ripple and Stellar. In a recent interview, he revealed discussions with Ripple executives, including a proposal to integrate Ripple’s forthcoming stablecoin, RLUSD, into the Cardano ecosystem. Describing RLUSD as a key innovation for the XRP ecosystem, Hoskinson expressed interest in making it a multi-chain asset.
Meanwhile, the Cardano Foundation, IOHK’s partnering development firm, has showcased its financial strength, reporting $478 million in assets for 2023. According to its Financial Insights Report published on November 13, 82.5% of these assets are held in ADA, 10.1% in Bitcoin, and the rest in U.S. dollars. The foundation’s funding stems from an ADA endowment and ADA voucher sales.
CEO Frederik Gregaard highlighted the report’s transparency, underscoring the foundation’s commitment to open-source principles and providing stakeholders with a clear view of its financial operations.
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