Cardano has faced several accusations and troubles recently. The latest dispute to break out on social media sites regarding Cardano is about contingent staking. The idea of Contingent staking was shared by Cardano founder Charles Hokinson a few days ago.

Addressing the matter, he has shared a new post on Twitter to clear the clutter. He made it clear that the controversy was sparked on account of a misunderstanding regarding the matter. He talked about the idea of Contingent staking earlier this week.

However, his idea received criticism from the community on account of requiring the improvement of contractual agreements within the blockchain.

Cardano Founder Faces Criticism from Investors

Another major reason that investors have been critical of the ideas shared by Hoskinson recently is that it entails compromising on decentralization. Hoskinson said in his latest tweets that some of the comments on Contingent staking are polarized and misunderstood.

One such claim is the matter of KYC compliance with the Cardano blockchain. The users have asked if the blockchain management has been planning to go for KYC compliance since its preaching staking.

Hoskinson made it clear in his statements that the cryptocurrency network has no plans to apply for KYC compliance. He further explained that Contingent staking options are not meant to be introduced as a substitute for normal staking.

Hoskinson issued another brief on what investors should take for Contingent staking. He claimed that these risks could mitigate several risks associated with ISPOs that are part of the blockchain contractual settings.

He further explained that the technology only exists in theory. He maintained that the users could expect a higher level of security on the Cardano network alongside its associated projects.

He also projected that the implementation of the new technology could lead to increased demand for ADA among contingent stakers. This week, ADA has retained some of its bullish gas, allowing it to remain afloat at $0.42 during the first quarter of 2023.