A recent article on Hackernoon titled ‘What’s going on with Cardano?’ delves into the current state that Cardano is in. The article starts off by addressing some of the basics of Cardano. The cryptocurrency related to Cardano is called ADA, as most of you will know, and Cardano is its ecosystem. Cardano has been running its own mainet since September of last year however, it is still a work in progress of which the roadmap project which could go on until 2020. After the roadmap is finished, Cardano will be a self-governing infrastructure layer which is governed through a liquid on-chain democracy where investors can decide the future of where the system is going. But until this point, Cardano is ‘federated’ by three entities. Charles Hoskinson leads IOHK (Input Output Hong Kong) which is the engineering company that is building Cardano. CEO Ken Kodama is leading EMurgo which is looking to improve the Cardano ecosystem through commercial ventures. Last but not least, Michael Parsons leads the Cardano Foundation in a non-profit organisation which aims to include driving adoption of Cardano, growing the community and facilitating partnerships.
“So far the entities have been working together, each doing their own part… or have they?”Are cracks starting to show? One of the roles of the Cardano Foundation is to look over the development of the company. For this, it has hired the FP Complete firm to audit Cardano’s codebase which has estimated to cost $600,000 every year. On the 13h September, FP Complete revealed a new audit report on Cardano’s Haskell libraries on the forum. The report raised some questions among the community readers. The next day, the Cardano Foundation made a statement in where they essentially pointed the finger at IOHK, stating that they never responded to the first audit. On September 17th, IOHK COE Hoskinson went onto explain his viewpoint on this to his followers on Twitter with a video message.
In his opinion, the audit report doesn’t serve any real purpose and it isn’t questionable to spend community money on it. What are your thoughts? Let us know what you think down below in the comments!
Greetings and an Update from Mongolia https://t.co/WZiD1ScSLP— Charles Hoskinson (@IOHK_Charles) 17 September 2018