Charles Hoskinson deems Cardano’s RFP denial a setback for Wyoming – Coin Edition
Cardano founder Charles Hoskinson recently expressed his concerns about the bidding process in Wyoming that excluded IOG, the engineering company behind Cardano, from participating in an important RFP. While Hoskinson remains optimistic about a resolution, he emphasized the setback this denial represents for Wyoming’s blockchain initiatives.
Typically, in a standard RFP qualification process, vendors are given the opportunity to demonstrate their ability to meet functional and non-functional product requirements through a proof of concept. This process allows vendors to earn the right to bid on the RFP. However, in this case, Hoskinson pointed out that IOG was not afforded the chance to showcase their capabilities because of deviations from the usual qualification procedures.
The issue was brought to light on social media by Hoskinson in response to Sebastien Guillemot, co-founder of Paima Studio, who previously questioned Cardano’s capabilities. Guillemot later confirmed that Cardano is equipped to handle various solutions, indicating a positive shift in the network’s capacity.
Despite these challenges, recent developments, such as Cardano’s collaboration with Ripple and Hoskinson’s rumored ties to the incoming administration, have bolstered Cardano’s reputation and adoption. As a result, Cardano’s price (ADA) has seen a significant surge, gaining nearly 260% in the past three weeks and trading at $1.071 at the time of writing.
It’s important to note that the information provided in this article is for informational and educational purposes only and should not be construed as financial advice. Readers are encouraged to exercise caution and conduct thorough research before making any financial decisions.
