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Hoskinson Denies Exit Rumors, Shifts IO Focus to Midnight Network

BSCN avatar BSCN
1 min read
Hoskinson Denies Exit Rumors, Shifts IO Focus to Midnight Network

Charles Hoskinson clarified he is not abandoning Cardano after comments about a completed roadmap sparked speculation. He explained that Input Output is transitioning from building core infrastructure to developing applications on the network. The Leios scaling upgrade remains the final piece his company will deliver, with mainnet launch planned before year end.

Hoskinson now concentrates on Midnight, a privacy-focused project he believes will attract new users and transaction volume to Cardano. He addressed criticism about low adoption metrics, stating the Cardano Foundation and Emurgo were originally tasked with driving ecosystem growth and funding. ADA trades roughly 94 percent below its 2021 peak.

Read the full story on BSC News: Charles Hoskinson Says He Is Not Leaving Cardano as Input Output Shifts Focus to Midnight

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