- Charles Hoskinson claims to have rebuilt Wall Street on blockchain.
- Community reaction includes skepticism and debate over the claim.
- Recent Cardano network issues add context to Hoskinson’s statement.
Cardano founder Charles Hoskinson recently claimed to have ‘rebuilt Wall Street’ on blockchain during a public debate on Twitter, sparking varied reactions within the crypto community.
Hoskinson’s assertion raised discussions on blockchain’s potential, facing skepticism especially amid recent technical challenges on Cardano while highlighting ongoing competition among major blockchain platforms.
Charles Hoskinson, founder of Cardano, asserts he has rebuilt Wall Street on the blockchain. This claim, made during a public debate on X (Twitter), has incited lively discussion and criticism within the cryptocurrency community: https://twitter.com/IOHK_Charles/status/1991947634030883236?s=20.
Hoskinson, known as a co-founder of Ethereum and BitShares, responded to doubts regarding his authority in financial matters. He asserted, “Finance is literally what I do for a living. I make decentralized central banks. I rebuilt Wall Street on a blockchain.” TheStreet
The assertion has far-reaching implications, particularly for the Cardano network and its perception. While some supporters echo Hoskinson’s vision for decentralized finance, others question the practicality amid technical issues. IntersectMBO
The statement comes on the heels of a recent chain split incident within Cardano, which has exposed protocol vulnerabilities. This event was reminiscent of challenges faced by other major blockchain platforms like Ethereum. Maruushae
Immediate market responses included a slight (~2.5%) decline in ADA, Cardano’s native token, following the incident. No major impacts on other cryptocurrencies like ETH and BTC can be directly linked to Hoskinson’s statement.
Potential outcomes from these discussions include increased scrutiny of blockchain platforms’ governance models. Historical comparisons to Ethereum’s DeFi growth offer insight into technological and financial possibilities stemming from such claims.
