Charles Hoskinson, the well-known founder of the Cardano (ADA) cryptocurrency, has recently reaffirmed his commitment to the project, addressing and dismissing rumors regarding his potential departure. Hoskinson’s clear statements have reassured the Cardano community as they put to rest any uncertainties about his future with the blockchain platform and his involvement with the project.
Loyalty to Cardano Undisputed
In response to whispers in the crypto space about his exit and rumors about the Midnight project, Hoskinson has come forward with definitive comments. The founder has emphasized his unwavering dedication to Cardano, with hundreds of IOG engineers and scientists working on the project every day, further corroborating his stance.
This declaration also serves to clarify speculation surrounding IOG’s new blockchain initiative — Midnight, which focuses on data protection. Questions had arisen if IOG’s work on Midnight would detract from their commitment to Cardano, but Hoskinson’s response has been both clear and affirmative regarding his ongoing involvement.
Midnight’s Role in Cardano’s Ecosystem
Midnight is being developed to provide robust data security for developers, companies, and individuals, enhancing privacy for commercial and personal data. Some speculated that due to the significant plan behind Midnight, IOHK might shift focus away from Cardano. Nevertheless, Hoskinson has openly stated that Midnight’s relationship with Cardano does not signal a step back from the ADA platform.
Despite ongoing discussions about Cardano, its native token ADA has recently been riding the wave of surges in the cryptocurrency market, reaching a price of $0.79. Following a sudden drop in Bitcoin‘s value, ADA also saw a slight retraction but still trades at $0.72 at the time of writing, indicating a relatively strong position in the market.