Input Output Global CEO Charles Hoskinson has announced that Cardano is now complete. Hoskinson explained that the scaling components outlined in the initial roadmap have been completed, marking a major milestone for the blockchain project. Input Output is currently working on additional improvement projects beyond the initial roadmap. These include Hydra, a Layer 2 scaling protocol designed to increase transaction throughput, and Leios, a Layer 1 upgrade aimed at further improving the network’s capabilities.
However, Hoskinson noted that the listed projects are being developed “at risk,” meaning without guaranteed funding. When Cardano first launched, Input Output Global was allocated 2.4 billion ADA tokens to fund the development of the ecosystem. The funds were intended to support the project during the initial stages of its roadmap.
Recently, a social media user suggested that Cardano was left unfinished and called for an audit of the initial funding allocation. Hoskinson responded that the original development contract actually expired in 2020, indicating that the initial funding period ended as planned. Hoskinson is a vocal advocate for the community to approve the current funding proposal. He emphasized that the Cardano treasury has “a huge stockpile of ADA,” while warning that delays in funding decisions could potentially be detrimental to the ecosystem’s continued development.