Cardano’s Hoskinson: FTX Collapse Proves ‘Absolute Need’ for Decentralization
The recent collapse of crypto exchange FTX highlights the “absolute need” for decentralization, according to Cardano founder Charles Hoskinson. but that recent collapses such as FTX have demonstrated the need for decentralization and proof of reserves.
The failures we’re having aren’t failures of protocols, aren’t failures of DeFi,” Hoskinson said. “They’re failures of trust, they’re failures of regulation, they’re failures of people. He added that these failures of trust—in both the crypto industry and the traditional finance industry—are driving a shift “from companies and people to protocols.”
Source
https://t.me/Cronos_Cardano_Ripple
