Hoskinson Says He Has Nothing To Do With Cardano Foundation Saga

Charles Hoskinson distances himself from the Cardano Foundation drama, as he emphasized that he has nothing to do with the organization’s delegation strategy update.

Charles Hoskinson, the founder of Cardano, has taken to X (formerly Twitter) to distance himself from the saga surrounding Cardano Foundation’s recently updated delegation strategy.

Cardano Foundation Updates Delegation Strategy

For context, the Cardano Foundation, an independent standard organization overseeing the development of Cardano and its ecosystem, recently announced changes to its delegation strategy.

The changes, according to the Cardano Foundation, will cover delegation packages, duration, and criteria, as well as the selection process.

ADA Holders Criticize Move

However, the latest changes did not go down well with Cardano enthusiasts, as they took to social media platforms to voice their concerns.

Many enthusiasts believe the updated delegation strategy prioritizes rewards over staking pools. Furthermore, the community slammed the organization for onboarding centralization into the network, a sharp deviation from the existing consensus mechanism.

As expected, some ADA enthusiasts drew the attention of Hoskinson to the development while urging him to provide clarity on the new update.

Cardano Founder Reacts

Reacting, Hoskinson distanced himself from the drama that erupted between the Cardano Foundation and ADA enthusiasts.

“I have nothing to do with the CF, its delegation strategy, or general operations,” Hoskinson said.

The Cardano boss urged ADA holders to direct their concerns or inquiries directly to the organization.

I have nothing to do with the CF, it’s delegation strategy, or general operations. If you have questions, take it up with them

— Charles Hoskinson (@IOHK_Charles) October 17, 2023

Notably, Hoskinson’s response to the issue might come as a surprise to many as the Cardano boss has always been vocal about matters regarding the network.

However, some community members speculated that Hoskinson distanced himself from the Cardano Foundation drama due to recent scrutiny faced by Input Output Global (IOG).

Hoskinson Addresses Criticisms Aimed at IOG

Earlier this month, critics, including X user Fabian (@Fabian_vBergen), accused IOG of holding the majority of the Genesis keys and its overbearing control of the network.

The accusations prompted Hoskinson to issue a statement on X. Hoskinson disclosed that the Cardano Foundation, Emurgo, and IOG are all Genesis key holders.

Furthermore, he stressed that IOG does not have overbearing control of the network, as the CIP 1694 proposal makes the notion irrelevant.

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