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Gungun Bhatia
Sep 9, 2022
by Gungun Bhatia

Founder of Cardano Claims He Cannot Force Vasil Hard Fork

Vasil Hard Fork

Table of contents

  1. Authority To Alter ADA Tokens
  2. Cardano Resists The Concept of Burning ADA
In response to a critic, Charles Hoskinson of Cardano pointed out the decentralization of the blockchain in a tweet, noting he cannot "force" the Vasil hard fork. The much-awaited update should take place on September 22. The development lab of Cardano blockchain, Input Output Global (IOG), tweeted the Vasil hard fork upgrade date on its leading network (mainnet) as September 22.

Many top cryptocurrency exchanges have already begun updating their nodes to handle the most recent hard fork. The company anticipates "a flawless technical transfer, without an interruption in block production or any impact on its consumers."

Authority To Alter ADA Tokens

The Bitcoin maximalist @btc_bryan__21 alleged that Charles Hoskinson has the authority to change the total number of ADA tokens due to his supposed centralization.

The reviewer stated that nothing would stop the crypto tycoon from modifying the maximum supply of Cardano, which is set at 45 million ADA tokens, because the blockchain's monetary policy is quite flexible.

Asserting that Bitcoin maximalists are "beyond stupid," Hoskinson firmly denied the notion. In reaction to the former CEO of MicroStrategy's assertion that the ADA token is unregistered security, the former creator of Cardano stated in July that Bitcoin enthusiasts are the most "toxic" and "useless" individuals he has ever encountered.

Cardano Resists The Concept of Burning ADA

According to the reports, Cardano has consistently resisted the concept of burning ADA tokens because all of them are held by their rightful owners. Hoskinson claims that this would be equivalent to stealing from the neighborhood. Last September, he equated the thought of burning ADA to stealing food.

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Founder of Cardano Claims He Cannot Force Vasil Hard Fork
Gungun Bhatia
Gungun is an enthusiastic writer that likes to create content for various aspects of the blockchain and crypto industry. She carries out extensive research and provides readers with informative and high-quality material.

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