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Cardano risks losing research funding after Japanese delegates reject key proposal, warns founder Hoskinson.

Market News
21 May 2026
Crypto news
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Bearish
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Cardano founder Charles Hoskinson warned that the network's research ecosystem could face significant cuts after several Japanese Delegate Representatives voted against a crucial funding proposal. This dispute challenges Cardano's decentralized governance and its identity as a science-focused blockchain. Hoskinson emphasized that failure of the proposal could lead to the loss of scientists and closure of research labs, which took years to build. The debate comes amid ADA's market pressure, with the coin down about 60% over 200 days, raising concerns about the network's ability to maintain its research-driven development model.

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