Technology

Charles Hoskinson says audit report ‘shaping up’ for August release

Posted on by Minakshi

Cardano’s ADA Holdings Audit Report Anticipated for August Release

The much-awaited audit report concerning Input Output Global’s (IOG) ADA holdings is reportedly on track for release sometime in August. This announcement follows statements made by Cardano founder, Charles Hoskinson, indicating significant progress in the audit’s final stages.

Hoskinson Requests Further Detail, Awaits Public Release

Hoskinson, in a recent update, mentioned that he has received the initial copy of the audit report. Emphasizing the importance of transparency and thoroughness, he has requested further detailing and contextual information across several key areas. This proactive approach underscores the commitment to ensuring a comprehensive and informative audit for the public.

Despite these requests for additional clarity, Hoskinson remains optimistic about the timeline. He believes the report is “shaping up quickly,” suggesting the auditors are diligently addressing the identified points. He anticipates a public release by mid-August, contingent on the current pace of work being maintained and the absence of any unforeseen delays.

What to Expect

  • The audit report will shed light on the financial status of IOG’s ADA holdings.
  • Charles Hoskinson intends to personally review the full audit report during a livestream following its release.
  • The audit aims to increase trust and transparency within the Cardano ecosystem.
Summary:

  • The audit report for IOG’s ADA holdings is expected to be released in August.
  • Charles Hoskinson has requested more detail for the report.
  • A public livestream review of the audit report is planned.
Key Takeaways:

  • Transparency Boost: The release of the audit report signifies a major step towards greater transparency within the Cardano project.
  • Trust Building: A comprehensive and detailed audit can play a crucial role in fostering trust amongst investors and the wider community.
  • Mid-August Target: Keep an eye out for the audit report’s release, expected around mid-August if all goes according to plan.
  • Hoskinson’s Involvement: The active involvement of Charles Hoskinson underscores the seriousness with which this audit is being taken.