Cardano founder Charles Hoskinson has faulted the process that denied IOG, the engineering company behind Cardano, the opportunity to bid on an RFP in Wyoming. While Hoskinson believes a resolution is close, he noted the denial set the state back, with the people involved in the process hurting the reputation and credibility of Wyoming’s blockchain efforts.
This is why all normal RFP qualifications processes typically involve a posting of the functional and non-functional product requirements and a time period for vendors to demonstrate they can be satisfied with a proof of concept. Success gives them the right to bid on the RFP.… https://t.co/MjbP1US3vM
— Charles Hoskinson (@IOHK_Charles) November 24, 2024
Hoskinson posted on X regarding the issue while responding to Sebastien Guillemot, the Paima Studio’s co-founder, who claimed to have written some of the explanations why stablecoins that need a freeze function weren’t doable on Cardano. Guillemot clarified that the situation has changed, and Cardano can handle the creation of all kinds of solutions. He thinks claiming otherwise is a skill issue and no longer a problem of the blockchain network.
Related: Cardano Snubbed for Wyoming Stablecoin Project: Hoskinson Hints at Legal Action
Meanwhile, Hoskinson noted that those in charge did not follow the normal RFP qualification processes. According to the Cardano founder, such processes typically involve posting the functional and non-functional product requirements and a period for vendors to demonstrate they can be satisfied with a proof of concept.
Hoskinson protested that IOG did not have the right to make any demonstrations. He explained that those in charge did not publish such requirements, only to decide by proxy what Cardano could and could not do, excluding the blockchain solution without any debate or oversight.
Related: Cardano Recovers 2.5 Years of Losses in a Month as ADA Price Explodes 174%
In the meantime, Guillemot confirming Cardano’s current capacity boosts the blockchain network. His statement comes after Cardano’s confirmation of plans to collaborate with Ripple in integrating DeFi components on XRP, in addition to Hoskinson’s rumored closeness to the incoming Donald Trump administration.
These events combine to boost Cardano’s reputation and adoption. The effect of these developments reflects on Cardano’s (ADA) price, which has continued in an impressive rally. ADA has gained nearly 260% within the past three weeks and traded for $1.071 at the time of writing.
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