Cardano (ADA) Co-Founder Charles Hoskinson Dissatisfied with Cardano Foundation Performance

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As titled: An Open Letter to the Cardano Community from IOHK and Emurgo – Charles Hoskinson [in lead of IOHK] and Ken Kodama [Emurgo] publicly pointed out the lack of performance coming from the third entity that forms the project: Cardano Foundation.

Cardano Project
For starters, Cardano [as a project] split up in three entities: IOHK [responsible for developing core protocols that compos Cardano], Emurgo [building partnerships with developers and instigating projects for the Cardano protocol around the world] and Cardano Foundation [to promote the Cardano protocol, to grow and inform our community and address the needs of the community. These are broad aims and cross demographics and borders].

The structure separated this way to make sure that if one entity fails to function it would not take down the whole crypto-project.

Continuing, in the letter it is highlighted that additionally to leading and informing the community about technology and event developments, the protocol also needs community-led efforts to go passed Bitcoin’s and Ethereum’s decentralization. This effort cannot just rely on technological and scientific innovation but the Foundation’s responsibility – according to the post.

Dissatisfaction – Frustration

Mr. Hoskinson, in the join letter with Ken Kodoma, believes that the major frustration clouding the project’s ecosystem is coming from the declining activity that Cardano Foundation has brought to the community the last two years.