Cardano Didn’t Fall, Charles Hoskinson Responds to Network FUD

• Charles Hoskinson addresses Cardano slowdown, dismissing rumors of network failure.
• Cardano’s slowdown is linked to node implementation, not protocol failure, says Hoskinson.
• Quick response proves Cardano’s decentralized network can handle pressure, says report.

Charles Hoskinson, the founder of Cardano, has addressed growing concerns about a recent slowdown on the network. Speculation about a potential failure led to widespread FUD (fear, uncertainty, and doubt). In response, Hoskinson shared a detailed “Myths vs Facts” post to clarify the situation. He assured the public that the Cardano mainnet had never shut down and the core protocol remained intact.

This decline triggered rumors of a rollback, and some said that an AI transaction had triggered a crash. Hoskinson dismissed these rumors, calling on the community to concentrate on confirmed facts and not rumors. His clarification occurred after a track record of addressing misinformation, such as debunking false claims of the Cardano treasury fund.

Cardano Slowdown Caused by Node Issue, Not Protocol Flaw

Hoskinson stated that it slowed down due to an edge case in the nodes’ implementation and not because the Cardano protocol was imperfect. The problem was rapidly determined by Stake Pool Operators (SPOs), crypto exchanges, and engineers. They acted very quickly to keep the network running safely. Patched software was released within hours and was able to minimize disruption.

The company ecosystem teams established a joint response unit to address the matter immediately after it was discovered. They also installed a fixed node update that enabled the healthy chain to overrule dead nodes. This was done with the help of the Ouroboros consensus mechanism outlined by Cardano, which is decentralized and secure, even in the event of unforeseen disruptions.

Also Read: Cardano Blockchain Survives Targeted Attack: Node Upgrade 10.5.3 Rolling Out

Hoskinson Clarifies AI Teenager Rumor, Confirms Responsible Disclosure

Conversely, the division of the Cardano blockchain by a considered-poisoned transaction is proposed by the organization Intersect. They argued that the incident caused node divergence. Nevertheless, the most recent update ruled out these assertions, and no centralized rollback took place. It was a voluntary update implemented by independent SPOs upon which Cardano was decentralized.

Hoskinson has also addressed the rumor about the crash caused by an AI teenager. He affirmed that authorities had been informed according to the policy of responsible disclosure of the platform. The case was handled with seriousness since bounty channels are not involved in such a scenario to identify abnormal behavior.

Intersect, the organization responsible for the first breakdown of the incident, declared that a complete retrospective analysis will come after. They committed to publishing a new report to avoid future occurrences of such problems. 

The report noted that the quick recovery process showed that the company could organize many independent operators when they are under pressure. Such a quick reaction was evidence of the power of the decentralized network by the network.

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