For better ” support the Cardano community “, the Cardano Foundation recently announced a new update of its delegation methodology. However, such an initiative is not the type to reassure part of the crypto community. Asked to provide further explanations on this change, Charles Hoskinson, co-founder of Input Output Global and the Cardano blockchain, affirmed thatit is not at all linked to the Cardano foundation.
Charles Hoskison and the Cardano Foundation, divorce?
The man who had just strongly criticized the promoters of the conspiracy theory around ETHGate has once again made headlines. Charles Hoskinson, the founder of Cardano himself, surprised crypto enthusiasts by announcing that he has no connection with the Cardano Foundation.
“ I have nothing to do with the FC, its delegation strategy or its general operations. If you have any questions, ask them. »
According to Daily Cointhis statement by Charles Hoskinson would be a way of distancing yourself from the new storm hitting the Cardano Foundation Right now. Indeed, the FC has not only made people happy in its initiative to modify its delegation strategy based on rewards and not pools.
Prominent stake pool operators, crypto influencers and fans of Cardano (ADA) have also expressed their concern about this change. This is the case of Blockchain USA which challenged Charles Hoskinson as follows:
“ @IOHK_Charles, can you expand on this further or clarify which stake pool operators he is talking about. I would like to hear it from the Godfather’s mouth. »
You already have the answer from the Godfather of Cardano a few lines above.
Why is the crypto community on alert?
It all started on October 12, the day the Press release of the FC. In his post titled “The Cardano Foundation updates its delegation strategy ”, the entity responsible for overseeing and monitoring the blockchain behind the ADA crypto has spoken of a major change in its delegation methodology.
“ We want to continue to encourage people to build something the community needs, which is open source and helps the ecosystem thrive. However, the requirements for a protocol are constantly evolving as the full technology stack is deployed. Therefore, the Cardano Foundation frequently revisits and updates its delegation methodology in order to better support the Cardano community and, as such, we are announcing some changes to our delegation methodology », We can read on the FC website.
These changes are available in 6 distinct points :
- duration of delegation extended to 12 months instead of 3 months;
- delegation packages reduced to a number of pools in order to increase package size;
- revised delegation criteria, the requirement for a single pool was removed in order to achieve greater flexibility in the selection process;
- selection process based on data and information collected by the Foundation;
- expectations, promotion of greater delegation of pools with a view to increasing fees;
- application process, choosing a single form to submit for pool consideration.
“ Additionally, the Cardano Foundation has launched its own stake pool. Maintaining and managing a stake pool for a fraction of our own assets means the Foundation will gain a true understanding of topologies, building from source, prereleases, hard fork preparations, server resources and network bandwidth. This first-hand knowledge is essential to refine our decisions and provide more nuanced support to our community “, continued Tommy Kammerer, director of the community team.
Coming back to this statement from Charles Hoskinson, we would agree that Cardano seems very advanced in terms of decentralization.
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