Hoskinson rejects claims that Cardano is the Theranos of Crypto
Hoskinson rejects claims that Cardano is the Theranos of Crypto
- Cardano founder Charles Hoskinson has defined the fact that the network is cryptos Theranos or a fraudulent blockchain.
- He says the network is open source, without skeletons in the closet.
In a recently surprising ASK Me Anyding (AMA) meeting, the founder of Cardano (ADA), Charles Hoskinson, said there is no situation in which the network as Theranos can be branded. He said Cardano was an open book, in contrast to Theranos, which has now been dissolved, kept the skeletons in his closet.
It is noteworthy that Theranos was a privately owned biotech company that flourished for over a decade thanks to the promise of a groundbreaking blood test. The company claimed to have developed the so-called Edison blood test devices that are able to carry out blood tests with very small blood samples. At its climax, the company, founded in 2003, grew to an evaluation of $ 10 billion in 2013-2014. Her founder, 19-year-old Elizabeth Holmes, was the youngest Selfmade billionaire and a silicone-valley star.
From 2015, however, it became wrong when medical research professors and journalists began to question the company's technology. Further investigations showed that the company's claims were exaggerated and that there were no published peer review research on his technology. It was also found that Theranos violates the FDA regulations (Food and Drug Act) several times. The unicorn 2018 was then dissolved and Holmes was charged with wire fraud and conspiracy. She was convicted of the same crime last month and is now waiting for her conviction, in which she could threaten a maximum impression of 20 years.
Cardano is not a crypto Theranos-Hoskinson
weighing up the top-class case Hoskison many wanted to succeed in the company To satisfy "female Steve Jobs". For this reason, the company was able to lie to investors and the public for so long.
In contrast, the IOHK founder says that Cardano Open Source is-open to tests and personalization by everyone:
Everyone in the world can find Cardano ... Everyone in the world can take our paper and implement our papers, as Mina Protocol and Polkadot did for some of our papers. There are no restrictions.
He adds that this is an important distinction between real projects and fraud. The latter would now enable people to "see what is hidden behind the curtain".
Cardano supporters have continued to endure and counteract various criticisms in relation to the network. The blockchain was called "Vaporwire" and "Ghost Chain", while Hoskinson was called "King of Rats".
Nevertheless, the discussion participants of the Finz comparison page Finder are very optimistic about Cardano and forecast an ADA price of $ 2.79 by the end of 2022. Kraken Exchange also believes that the networked approach of the network to developments would catapult it into one of the leading L1 blockchains in the crypto industry.