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Cardano [ADA]’s Charles Hoskinson: “Unlike Elon Musk I need to go through a lot to get something approved”

Akash Anand

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Cardano [ADA]'s Charles Hoskinson: "Unlike Elon Musk I need to go through a lot to get something approved"
Source: Unsplash

In the latest Ask Me Anything [AMA] conducted by Charles Hoskinson, the Co-Founder of IOHK went on to speak about how peer review systems are important in developing a network and that it has to go hand in hand with speed and developmental accuracy.

The AMA also threw light on the lifestyle and social media patterns that Hoskinson follows, also citing his recent Twitter exodus. The Co-Founder had left the social media platform after a maelstrom of tweets and trolls. He had stated:

“I have very limited time. I run an international company. We operate in 16 countries… I travel dozens of places every single year and if I have a simple question for a company, a very small company of just a few people whom I assume … run their Twitter feed and I get a response where an article is written that I’m a monster, if there’s a top-rated cryptocurrency Reddit post about how bad of an actor I am… What’s the value of this platform.”

He also went on to speak about how some developers considered peer review systems as a waste of time whereas he regarded them as a crux function in the development of any new software. Hoskinson went on to say that the different stages in a peer review system ensured that any mistake that is present even in the primary stages can be rectified and then presented properly.

He also added that he was not the sole proprietor of ideas and that he could not take the final decisions without going through the other Co-Founder, Jeremy Wood.

Charles Hoskinson made it clear that at IOHK, the decisions were not taken by just one person, hinting at Elon Musk, and emphasized that his organization follows the policy of discussion on repeated layers.



He said:

“As an entrepreneur, it is super important to have people who can say no to you.”

The Co-Founder further stated that the focus now is on building protocols rather than products, giving the analogy that protocols will stay for generations to come while application layer softwares have an expiry date. Hoskinson said:

“Protocols don’t come along very often, so why should we constrain something that will be around for decades to the same forces and factors [that are applied] with a cellphone app.”





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Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.

Altcoins

Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out of ‘saucer bottom’ pattern

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Binance Coin surges by 9% in 24-hours after DEX announcement; breaks out out of 'saucer bottom' pattern
Source: Unsplash

Binance Coin [BNB] is nothing short of becoming the best performing crypto asset of 2019, as it creates higher highs every day. In a recent surge, BNB went up by approximately 12% in 24-hours breaking out of the ‘saucer bottom’ pattern.

BNB has been on a bull run since December 2018, it has surged by approximately 470% since that point. In the last 24-hours, the price was up by approximately 12% from wick-to-wick.

Source: TradingView

Moreover, the rise in the price over the day can be attributed to the announcement by Binance DEX, that was launched recently. The tweet read:

The new update will convert the BNB, which is an ERC20token, into BEP2, it will be called the “mainnet swap”. Furthermore, users have to convert their ERC20 tokens on Binance, the details of which will be released in the near future.

In addition, Mithril, a cryptocurrency project has announced that it will be the first project to migrate to the Binance Chain. It tweeted:



“$MITH token holders on the new @Binance_DEX will be the first to experience increased speed, security, and user friendliness while maintaining full control over their funds.”

A Twitter user, @carlitosblvd123, commented:

“So , all BNB we have now like erc20 in binance exchange and on trust wallet will be converted to bep2 automatically or we have to do anything to happen?”

@jigneshon, another Twitter user commented:

“Crypto Revolution will happen on 23rd April when Binance Chain Genesis block will be created. 🔥”





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