Coin Edition -
- Cardano founder joined a discussion about adding KYC for layer one blockchains.
- A Web3 leader believes KYC cannot exist at L1 while remaining an open permissionless system.
- Last week, Charles Hoskinson took sides with the US regulator regarding ETH staking.
Early today, Charles Hoskinson, the founder of the Cardano network, took part in the controversial discussion regarding adding a know-your-customer (KYC) support for layer one (L1) blockchains.
Calvin Brew, a lead engineer at SundaeSwap Labs, started the conversation by arguing that KYC support on layer one will be necessary for mass adoption even though some users may not fancy the idea.
You may not want to use a chain that has KYC support on the L1, but the rest of mass adoption will.— $calvin (@CalvinsBrew) February 12, 2023
In response, a Web3 leader, Monad Alexander, expressed his concerns about the potential for a centralized system, stating that KYC cannot exist at the L1 “and still have any hope for an open permissionless system.”
The Cardano founder joined the conversation, telling Alexander to “stop lying to people,” adding that there is no need for a false dichotomy between re…
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