A conflict has erupted within the Cardano ecosystem between its leaders. Founder Charles Hoskinson and Cardano Foundation President Frederik Gregaard have criticized each other over Layer-2 innovations.
Reasons Behind Midnight Network Boycott
Frederik Gregaard highlighted the importance of Cardano's Layer-2 technologies, such as State-channels and Inter-Blockchain Communication (IBC). However, he overlooked Input Output Global's (IOG) developments of the Midnight Network and Partnerchain. In response, Charles Hoskinson remarked, 'The magic of midnight is that it's so private that it doesn't even get mentioned.'
Need for Cardano's Full Potential
The Cardano platform supports numerous innovations through Project Catalyst. This year, particular attention is given to integrating the RLUSD stablecoin and developing Bitcoin-based DeFi. These steps are aimed at improving liquidity and smart contract functionality.
Consequences and Community Reaction
The community has expressed concern over the disagreement between the leaders. Some members view this as a significant issue facing the Cardano ecosystem.
The internal crisis at Cardano highlights the need for closer cooperation among its key figures for the platform's successful development and promotion.
