Charles Hoskinson Denies Claims of ADA Staking Restrictions
Charles Hoskinson, the founder of Cardano, recently addressed claims about ADA staking and its market value.
Some have suggested that ADA’s high ranking is due to stakers being unable to sell their tokens because they are locked in staking pools.
Hoskinson dismissed these claims, asserting that ADA holders are not restricted by staking.
He emphasized that Cardano provides liquid, non-custodial staking, in contrast to other projects that use liquid staking derivatives.
READ MORE:
Toncoin Announces Major Airdrops for September and OctoberAccording to Hoskinson, ADA tokens are never locked in staking.
Instead, Cardano’s staking system allows users to contribute their tokens to a staking pool for network security and rewards, without restricting their ability to spend or transfer their ADA.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
‘Agents’ swarm inaugural Solana AI hackathon
Over 400 projects threw their respective hats in the ring
Phala Network (PHA) Price Rockets 50% Upon Major Listing, What’s Next?
CLANKER's market value exceeded 80 million US dollars, with a 24-hour increase of 24.46%.
Trader Makes $1,1M Betting on Ethereum to Fall
Trending news
MoreCrypto prices
More
