‘Cardano Didn’t Go Down,’ Charles Hoskinson Pushes Back On Network FUD

The founder of the Cardano network Charles Hoskinson has pushed back against increasing concerns following a recent sluggishness in the network. This has caused a speculation frenzy among the online community.

Cardano Founder Provides Verified Incident Report 

Hoskinson provided an official “Myths vs Facts” breakdown. It confirmed that the mainnet never shut down and that the core protocol was never compromised.

Hoskinson shared the post to address increasing FUD since many were unsure of whether Cardano experienced a massive failure. This additional explanation became necessary after claims of a rollback, and that a transaction created by an AI crashed down the network.

Hoskinson rejected such assertions by advising people to share known facts as opposed to unverified stories. This push towards factual clarity is preceded by other incidents when Hoskinson addressed an issue concerning ecosystem misinformation. At that time, he reacted to false claims regarding the Cardano treasury fund.

His post explained that the event was linked to an edge case in node implementation rather than a failure of the Cardano protocol. It noted that SPOs, crypto exchanges and engineers immediately spotted the issue in real time.

Hence, their rapid response allowed the network to continued functioning correctly and securely despite the slowdown as teams pushed out patched software within hours.

Report Details Cardano Attack Origins

Hoskinson further explained that Cardano ecosystem teams created a joint incident squad shortly after the slowdown began. They organized a fixed node update that enabled the healthy chain to overweigh invalid nodes via regular Ouroboros consensus.

This is different an account of the same event by Intersect that stated that there was a split in the Cardano chain. It added that a poisoned transaction caused node divergence throughout the network.

However, the latest update emphasized that there was no centralized rollback. The update was implemented at will by independent stake pool operators, which supports the assertions that Cardano is decentralized.

The report also dismissed the report that an AI teenager crashed the network. According to the updated information, the authorities were informed as it is a part of responsible disclosure policy in the industry.

The note added that Cardano usually uses bounty channels when it identifies abnormal behavior before it gets to mainnet. In this instance, those channels were not used and that’s why the incident has been taken very seriously.

Intersect Commits To Full Review

Intersect, the organization that published the breakdown, said a full retrospective will follow. It confirmed that a thorough cross examination and report would be released to avoid a repeat of such occurrences. It further affirmed that recovery operations worked as planned after the slowdown was noted.

In addition, the group indicated that the response was a big testament to Cardano’s capacity to coordinate a high number of independent operators when there is unexpected stress.