Tag: charles hoskinson

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Cardano Network Split After Software Bug – FBI Gets Involved

The post Cardano Network Split After Software Bug FBI Gets Involved appeared com. The Cardano (ADA) ecosystem faced an unexpected shock when the network briefly split into two parallel chains due to a rare software flaw. A staking-pool operator triggered a previously unknown bug, causing nodes to disagree on chain validity and temporarily fragmenting the blockchain. While the issue has been resolved through rapid node upgrades, the incident escalated dramatically when Cardano founder Charles Hoskinson announced that the FBI had been notified. By TradingView ADAUSD_2025-11-23 (5D) What Actually Happened? A Delegation Transaction Broke Consensus The disruption began when a staking pool operator known as “Homer J” submitted a delegation transaction crafted with the help of an AI-generated code snippet. The transaction was technically valid under Cardano rules. But, it triggered a long-standing, dormant bug that had never been hit before. As a result: Some nodes accepted the transaction Others rejected it The blockchain forked into two active versions The consensus temporarily broke This type of issue is extremely rare and represents one of the most serious possible failures for any blockchain. How Serious Was the Cardano Network Split? A temporary chain split can lead to: Conflicting transaction histories Orphaned or invalidated transactions In extreme cases, double-spending According to early analyses, a few double debits may have occurred, but the incident was quickly contained as operators were instructed to upgrade to the new, fixed software. The core network has since reconverged onto a single chain. Hoskinson Calls It a Criminal Act FBI Notified Charles Hoskinson escalated the situation by stating that the event constitutes a serious crime, describing it as a deliberate attack on the security of the network. He also announced that the FBI was contacted to investigate potential malicious intent behind the triggering of the bug. While the operator “Homer J” has accepted responsibility and claims it was unintentional, Hoskinson is.

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businessfinancetechnology

Cardano’s Hoskinson Salutes Bitcoin’s Legacy and Resilience as ADA Awaits Its Next Big Move ⋆ ZyCrypto

The post Cardano’s Hoskinson Salutes Bitcoin’s Legacy and Resilience as ADA Awaits Its Next Big Move ⋆ ZyCrypto appeared com. Cardano founder Charles Hoskinson reacted to a striking moment where the U. S. Treasury Secretary Scott Bessent marked the 17th anniversary of the Bitcoin white paper, praising the network’s resilience. Bessent highlighted Bitcoin’s nearly two decades of uninterrupted operation, underscoring its enduring reliability. Hoskinson called the moment “profoundly magical,” signaling the rare sight of a sitting U. S. Treasury secretary praising Bitcoin’s resilience. For 17 years, Bitcoin has operated without interruption, weathering market swings, technological hurdles, and regulatory scrutiny. Its resilience illustrates blockchain’s core promise of presenting a secure, censorship-resistant, peer-to-peer financial system independent of any central authority. Why is this development a welcome call? Well, Bessent’s tweet reflects a subtle shift in institutional perception. While regulators have traditionally been cautious, acknowledging Bitcoin’s resilience could foster more constructive discussions on adoption and regulation. Advertisement Meanwhile, Hoskinson recently called Cardano a ‘spiritual successor to Bitcoin,’ highlighting the deep architectural parallels that link the two networks. Cardano Struggles to Gain Momentum Amid Low Market Activity Market analyst Amina Chattha notes that Cardano (ADA) is in a slow downtrend, trading at $0. 5414 with weak momentum. Buyer interest remains muted, leaving the market in a holding pattern as traders await clearer signals before making moves. Volume remains key to ADA’s short-term direction. Until trading activity increases, ADA is likely to remain stable, exhibiting limited price movement. This consolidation reflects cautious investor sentiment, common in crypto markets, as traders await a catalyst for the next decisive move. Therefore, Cardano’s short-term trajectory depends on market activity since a spike in volume and buying interest could end the current stagnation, while persistently low engagement may prolong sideways trading. Source:.

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