tl;dr
Renowned for his interaction with the Cardano community, Charles Hoskinson addressed the concerns surrounding Cardano's integration of USD Coin (USDC), emphasizing the community-driven philosophy of Cardano's decentralization and development methodology. He clarified the differences between Cardano ...
Renowned for his interaction with the Cardano community, Charles Hoskinson addressed the concerns surrounding Cardano's integration of USD Coin (USDC), emphasizing the community-driven philosophy of Cardano's decentralization and development methodology. He clarified the differences between Cardano and Ethereum's native implementation of USDC and highlighted the complexities and advantages of integrating a significant stablecoin like USDC on the Cardano blockchain. Additionally, Hoskinson criticized politicians and the SEC for their treatment of cryptocurrency pioneers, advocating for an integrated and effective decentralized finance (DeFi) ecosystem and emphasizing the need for effective community participation in decentralization efforts.
In response to Alf’s worries, Hoskinson—renowned for his interaction with the Cardano community—explained the integration process in detail. His answer highlighted the community-driven philosophy of Cardano’s decentralization and development methodology. According to Hoskinson, the primary difference between Cardano and Ethereum is the native implementation of USDC. He says that since USDC is native to the Ethereum blockchain, integration is more straightforward. On the other hand, Cardano uses a different approach and treats USDC like an ERC-20 asset. Hoskinson claimed that part of the reason for the accompanying expenditures is the intricacy of this bridging process.
Hoskinson emphasized that the larger Cardano community is involved in choices regarding significant integrations and advances rather than being made unilaterally. The focus on community engagement is consistent with Cardano’s overarching goal of building an inclusive and decentralized blockchain ecosystem. Hoskinson also criticized the harsh treatment of cryptocurrency pioneers by politicians and the SEC, suggesting the need for an integrated and effective DeFi ecosystem and encouraging community participation in decentralization efforts.
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