Cardano Founder Explains Exclusion from US Blockchain Initiative Due to High Fees
Cardano's founder, Charles Hoskinson, explained the platform's exclusion from a US government initiative for publishing economic data on blockchains. He stated that the reason was economic rather than technical or regulatory. The integration fee proposed by Chainlink was deemed excessive.
Key Points
- Cardano did not participate due to high integration costs from Chainlink.
- Hoskinson criticized the fee as "absurd" yet acknowledged Chainlink's value in the ecosystem.
- Cardano's DeFi growth is hindered without cost-effective oracle integration.
- Cardano's Total Value Locked (TVL) fell below $400 million, while Ethereum's TVL increased significantly during the same period.
- Discussions with Chainlink and potential collaborations with Aave are ongoing.
- Cardano is currently trading at $0.8307, up 1.1% in the last 24 hours.
