IOHK CEO indirectly hinted at decentralization of the Cardano ecosystem
Founder of Cardan Charles Hoskinson reacted to news of blockchain company ConsenSys facing a multi-billion dollar audit as shareholders claimed “irregularities”. The CEO of IOHK indirectly alluded to decentralization in the Cardano ecosystem by tweeting: does not own any critical Cardano infrastructure.”
At issue in the ConSenSys audit is the valuation of key pillars of the Ethereum ecosystem, including MetaMask and Infura.
A group of 35 former employees representing more than 50% of all known shareholders of ConsenSys AG (CAG) had filed a request for a special audit regarding an asset transfer in August 2020 between ConSensys AG and ConSensys Software Inc.
The group alleges that multiple assets were mispriced during the transaction as key assets such as MetaMask were valued as low as $4.4 million in the transaction. As part of the agreement, JPMorgan also acquired a 10% share in ConsenSys Software.
“We have no secrets”: CEO of IOHK
As U.Today previously reported, Input-Output CEO Charles Hoskinson said his company had “no secrets” when asked about the Theranos disaster.
He stated:
”Anyone in the world can fork Cardano…Anyone in the world can take our paper and implement our papers as has been done by Mina Protocol and Polkadot for some of our papers…There are no restrictions. If you are a scam, you don’t let people see what’s behind the curtain because there’s nothing there. It’s just that simple.”
