Cardano Crypto Leader, Charles Hoskinson, Explains The Reason He Doesn't Have A Public Crypto Address

Cardano founder Charles Hoskinson. (Photo; Doc. CardanoFeed)

JAKARTA - The figure who founded the crypto cardano, Charles Hoskinson, admitted that he did not have a public address for his crypto wallet. This confession addresses criticism from several community members. Even so, Hoskinson firmly confirmed his decision, stating that the main reason behind his decision was for the sake of security.

Furthermore, Hoskinson stated that having a public address can carry risks, as other people can freely send funds to the address from countries that are under international sanctions, without his approval.

He is also worried that malicious intent may try to send funds through limited channels such as Tornado Cash, causing his address to be blacklisted by authorities.

Although Hoskinson has strong justification for his decision, a number of community members are still questioning whether he has other plans for the completion of the mentioned contingent.

Because it's very rare for crypto founders who don't have public addresses, it's not entirely strange. Many crypto projects, especially those who want to build protocols, often send part of their tokens to the public addresses of top leaders as a form of community trust.

Another prominent example is Vitalik Buterin, co-founder of Ethereum, who has a public wallet related to his support for the blockchain network. He has taken advantage of this trust, with a protocol of sending funds of up to $1 billion to its address at the peak of the bullish market.