Home web3.0 Charles Hoskinson Dismisses Cardano Burn Demand, Says Treasury Funds Aggregated from Block Production and Transactions

Charles Hoskinson Dismisses Cardano Burn Demand, Says Treasury Funds Aggregated from Block Production and Transactions

Sep 06, 2024 am 03:21 AM
cardano ADA Burn Burn Mechanism

Cardano Founder Charles Hoskinson has finally responded to some in the community who wants the protocol to adopt a burn mechanism for Treasury assets.

Charles Hoskinson Dismisses Cardano Burn Demand, Says Treasury Funds Aggregated from Block Production and Transactions

Cardano founder expresses strong opposition to burning ADA or Treasury assets, highlighting its origin from block production tax and emphasizing that burning would constitute "stealing" from SPOs and ADA holders.

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