Cardano’s Hoskinson Says He Just Got Math Center after USD 20M Donation

A mathematics wing at Carnegie Mellon University in Pittsburgh, Pennsylvania, USA, will be named after Charles Hoskinson, the founder of Cardano (ADA) and a co-founder of Ethereum (ETH) – after he donated USD 20m to the college, according to the founder himself.

Hoskinson announced the news on Twitter, where he claimed that the new “permanent center” would be named the Hoskinson Center for Formal Mathematics and would help “rewrite the language of math.” 

However, at the time of writing, there were no announcements about the partnership on the website of the University and its social media channels. Cryptonews.com has contacted the university for comment.

In either case, while many followers expressed their enthusiasm at the news, others in the crypto space were not so sure.

https://www.twitter.com/wheatpond/status/1440514269217316866

Hoskinson and Input Output Hong Kong (IOHK), the company he co-founded in 2015, have previously sponsored blockchain research labs projects at the University of Edinburgh in Scotland, Japan’s Tokyo Institute of Technology, and the USA’s University of Wyoming.

Meanwhile, the Cardano chief could be set to take a semantic scalpel to his network after responding to a Twitter-based discussion about smart contracts. He agreed with ‘KtorZ’, a developer who works on the Cardano network, stating that “programmable validators” should be used “instead of smart contracts.”

Compared to most existing smart-contract platforms, Cardano takes a much different road. Recently, we've seen a lot of discussions going on about "concurrency issues" and "EUTXO vs accounts". While equally expressive, Cardano programmability is different and atypical.

— KtorZ (@_KtorZ_) September 18, 2021

On Reddit, one user suggested that the reason for this was the fact that – unlike networks such as Ethereum – “what the term means doesn’t work on Cardano.”

A somewhat more skeptical user opined that Hoskinson “calls the shots in crypto these days,” leading the latter to “feel that he has to talk about every issue in the space.”

Talking about every issue in the space might well be on the agenda for Hoskinson, who declared earlier this week that he would “be in [Washington] DC if anyone wants to see me.”

He will speak at an event organized by the Government Blockchain Association (GBA), described by its masterminds as an “educational seminar for government leaders and their staff.”

The GBA says it has organized the event in a bid to make amendments to the much-maligned Infrastructure Bill, a clause of which seeks to classify a whole host of crypto players, such as developers, miners, and node operators as “brokers.”

In a press release, the GBA wrote that Hoskinson’s DC trip was intended to “educate government legislators, regulators and administrators.”

The press release’s authors wrote:

“The recent debate over the Infrastructure Bill has made two things clear: The government will be regulating blockchain activities, but they don’t understand it well enough to do an effective job.”

The bill has been slated for a vote in Congress on September 27, although media outlets have reported that the House will likely have to wait until early next month for a vote.

A Redditor opined of Hoskinson’s move:

“He is dumb enough, crazy enough and smart enough to believe he can change the world. And he will, whether good or bad. We’re here for it.”

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Learn more: 
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