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Cardano Founder Burns 900 Billion Unsolicited ‘Charles’ Token, Ends Unwanted Project


by Ikemefula Aruogu
for CoinEdition
Charles Token Hoskinson Terminates New Crypto Project Created on His Behalf
  • Charles Hoskinson has burned all the Charles tokens sent to his wallet by a random creator.
  • A random community member created the Charles token without Hoskinson’s permission.
  • The scenario highlights the crypto industry’s unlimited decentralization capabilities.

Cardano founder Charles Hoskinson found himself in an unusual situation. He burned all the “Charles” tokens sent to his wallet by a random crypto community member. That person created the cryptocurrency on his behalf. The token creator took advantage of a recent demo. In it, Hoskinson showed how to make a paper wallet on Cardano. This incident shows the extent of the cryptocurrency ecosystem’s transparency and security.

Unwanted Tokens a Surprise

The unidentified crypto community member created the Charles token without Hoskinson’s permission. They attributed the founder status to him and sent the bulk of the tokens to his wallet. Hoskinson points out another level of risk in crypto. Anyone can send digital assets to a user’s wallet without their permission.

According to Hoskinson, the Charles tok…

The post Cardano Founder Burns 900 Billion Unsolicited ‘Charles’ Token, Ends Unwanted Project appeared first on Coin Edition.

Read the article at CoinEdition

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Altcoin Bull Market Incoming: Ethereum and DeFi Severely Undervalued, Says Top Analyst

Altcoin Bull Market Incoming: Ethereum and DeFi Severely Undervalued, Says Top Analyst

Top analyst Michaël van de Poppe says altcoins are severely mispriced, setting the st...
How Does a $3.3 Trillion US Spending Bill and Fed Liquidity Trigger an Altseason?

How Does a $3.3 Trillion US Spending Bill and Fed Liquidity Trigger an Altseason?

Several key macroeconomic and technical indicators are aligning to create what analys...

Cardano Founder Burns 900 Billion Unsolicited ‘Charles’ Token, Ends Unwanted Project


by Ikemefula Aruogu
for CoinEdition
Charles Token Hoskinson Terminates New Crypto Project Created on His Behalf
  • Charles Hoskinson has burned all the Charles tokens sent to his wallet by a random creator.
  • A random community member created the Charles token without Hoskinson’s permission.
  • The scenario highlights the crypto industry’s unlimited decentralization capabilities.

Cardano founder Charles Hoskinson found himself in an unusual situation. He burned all the “Charles” tokens sent to his wallet by a random crypto community member. That person created the cryptocurrency on his behalf. The token creator took advantage of a recent demo. In it, Hoskinson showed how to make a paper wallet on Cardano. This incident shows the extent of the cryptocurrency ecosystem’s transparency and security.

Unwanted Tokens a Surprise

The unidentified crypto community member created the Charles token without Hoskinson’s permission. They attributed the founder status to him and sent the bulk of the tokens to his wallet. Hoskinson points out another level of risk in crypto. Anyone can send digital assets to a user’s wallet without their permission.

According to Hoskinson, the Charles tok…

The post Cardano Founder Burns 900 Billion Unsolicited ‘Charles’ Token, Ends Unwanted Project appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Altcoin Bull Market Incoming: Ethereum and DeFi Severely Undervalued, Says Top Analyst

Altcoin Bull Market Incoming: Ethereum and DeFi Severely Undervalued, Says Top Analyst

Top analyst Michaël van de Poppe says altcoins are severely mispriced, setting the st...
How Does a $3.3 Trillion US Spending Bill and Fed Liquidity Trigger an Altseason?

How Does a $3.3 Trillion US Spending Bill and Fed Liquidity Trigger an Altseason?

Several key macroeconomic and technical indicators are aligning to create what analys...