**Crypto News Update: Charles Hoskinson Addresses Cardano (ADA) Allegations**
Charles Hoskinson, the founder of Cardano, has publicly addressed recent claims concerning ADA staking and its market valuation.
The controversy suggests that the primary reason ADA maintains its position among the top cryptocurrencies is due to the inability of stakers to sell their holdings, as their assets are locked in staking pools. Allegations imply that ADA investors are hindered from selling because of these staking restrictions.
In response, Hoskinson firmly dismissed these assertions, labeling them as baseless. He emphasized that Cardano provides liquid, non-custodial staking options, distinguishing it from other projects that employ liquid staking derivatives.
He clarified that ADA tokens are never locked in staking, countering the misinformation circulating about the staking process. Hoskinson expressed his frustration on social media, highlighting the rampant spread of falsehoods regarding Cardano.
“The lies and misinformation about Cardano have reached epic levels. Stake isn’t locked, yet they still persist in their deceit. Why does anyone trust these people anymore?” he tweeted.
### Understanding Cardano Staking
Cardano’s staking mechanism allows ADA holders to contribute their tokens to a staking pool, which helps secure the network while earning rewards every five days. Unlike many other platforms, the tokens staked in Cardano are not locked, enabling users to spend or transfer their ADA freely.
*Disclaimer: This does not constitute investment advice. To explore over 300 cryptocurrencies, consider registering with Binance exchange for a 20% COMMISSION DISCOUNT using this link!*
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