Cardano is a popular proof-of-stake (PoS) crypto network. This project was developed and launched by Charles Hoskinson in 2017. Prior to the Cardano project, Hoskinson was one of the contributing developers to the Ethereum project, as a co-founder. Due to some disagreement with the main co-founder of Ethereum Vitalik ButerinHoskinson left the Ethereum project to develop and launch his separate blockchain as a rival to Ethereum.
On December 14, 2024, Cardano enthusiasts shared a video clip in which an official from the Wyoming stablecoin project called Cardano a non-decentralized blockchain network and also claimed that a company (IOG) manages it.
In summary, the Wyoming stablecoin project official believes that the Cardano blockchain is managed by Input Output Hong Kong Global (IOG) under a centralized means.
In response, Cardano founder Charles Hoskinson said that the person who called Cardano a non-decentralized blockchain network is a former employee of Ethereum developer Consensys.
Hoskinson explained that Cardano came under fire because he was a former contributor to the Ethereum project, with some interpreting his actions as negativity towards Cardano due to its past rivalry with Ethereum.
Hoskinson claimed that this is the only person who excluded Cardano, XRP, ICP, Bitcoin, Hashgraph, etc., as major crypto projects, from contributing in the Wyoming stable token.
Wyoming stable token and controversy
A month ago, the Wyoming stable token project team considered getting help from Solana, Avalanche, Sui, Steller, Ethereum, Polygon, Arbitrum, Base, and Optimism.
At the time, the Cardano founder claimed that a former Ethereum employee played a smart game against Cardano, such as innovative crypto projects. He also claimed that Wyoming Stable token project officials did not follow any proper way for all crypto project teams to demonstrate blockchain functionality.
Also Read: Cardano Coin ($ADA) Following Super Rocket Pattern! Hoskinson reveals decentralized map 2025
