In a December 21 live broadcast, titled “Partnership,” Cardano founder Charles Hoskinson answered lingering questions about the relationship between Input Output (IO) and the Cardano Foundation (CF), while providing extensive insight into the way forward for the ecosystem. During the nearly 40-minute session, Hoskinson responded to a public lecture by longtime community member, Rick McCracken, touching on everything from blockchain to potential integration with ecosystems like Polkadot, Hedera Hashgraph, and more .
Hoskinson Takes Another Jab At The Cardano Foundation
The discussion is based on McCracken’s post on X asking whether tensions between IO and CF could jeopardize foreign partnerships. In that post, McCracken expressed concern, writing, “If Charles, Tam, and Fred can’t build a lasting working relationship between IOHK and the Cardano Foundation within the Cardano ecosystem, why should I expect them to build a lasting working relationship with organizations. outside the ecosystem?”
Hoskinson responded directly, explaining his frustration with what he called a long-standing, “philosophical and fundamental difference” between the two organizations. Throughout this radio, he emphasized that this disagreement is about the structure of the foundation and its use of public funds, which he believes should be directed to the ecosystem instead of a closed board.
“For three years, there have been disagreements and fights because there are philosophical and fundamental differences between the Cardano Foundation and Input Output,” said Hoskinson. “Other wars must have, because that is the key to our natural war and it is under the control of innocent people in society.”
The main point of contention, according to Hoskinson, is the Cardano Foundation’s control over the ecosystem’s estimated $600 million. He emphasized that, in his opinion, these funds are “public money” and should be used in a transparent and accountable manner.
“It’s $600 million of your money, my money, everybody’s money,” Hoskinson said. “That is a philosophical problem, and for three years behind the scenes, our people and their people are trying to figure this out.”
Hoskinson emphasized that disputes over governance are not just “petty differences.” Instead, he described them as central to Cardano’s identity and future, especially as the platform moves towards on-chain governance with CIP-1694 and prepares for major developments in 2025.
Upcoming Cardano Partnerships
Despite internal governance challenges, Hoskinson emphasized that external partnerships remain strong. He referred to ongoing discussions with various blockchain ecosystems—Polkadot, Hedera Hashgraph, and Elrond (now MultiversX)—as well as discussions with major technology players such as Microsoft Azure. “We’ve never had better opportunities as an ecosystem to build relationships with people because the truth is we have great technology,” he said. “What are we doing with Polkadot ecosystem, what are we doing with Elrond, what are we doing with Hedera Hashgraph? … We’re going to have great announcements.”
Regarding Microsoft Azure, Hoskinson revealed: “[I’m] speaking to all the people of the world. Especially the big boys. I just had a meeting with Microsoft Azure because they are a secret Computing Consortium. This whole idea of putting this big infrastructure together, it’s a great game for Midnight.”
Speaking of the latter, Hoskinson highlighted Midnight, Cardano’s upcoming protocol focused on data protection, privacy, and private computing, which he said has “95 partnerships” already in place.
Throughout the live stream, Hoskinson has been stressing the importance of blockchain as a long-term solution to disagreements and guiding Cardano’s evolution. He applauded community-driven initiatives like Intersect and Pragma, both of which aim to bring more collaboration between developers, core developers, and other stakeholders.
“Your job as a Member of the Constitutional Committee—and it’s the job of Cardano people who participate in governance—is to put transparency in the system of collective governance,” he said, urging individuals in the community to “grow up” again. communicate effectively.
Despite acknowledging the differences, Hoskinson remains optimistic about Cardano’s trajectory. He talked about the growing sectors of the DeFi and NFT ecosystem—pointing to groups like Midgard and Gummy Worm in Layer 2, as well as the proliferation of memecoins within the Cardano ecosystem.
“We have a great DeFi ecosystem,” Hoskinson said, naming several projects. “Year after year, month after month, more and more people, they grow in TVL, they keep releasing new additions. They learn how to build in Cardano.”
At press time, ADA traded at $0.90.
Featured image from YouTube, chart from TradingView.com
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