Charles Hoskinson, the founder of Cardano and IOHK, has recently engaged in a Twitter exchange regarding the controversial topic of adding know-your-customer (KYC) support on the first layer of the Cardano blockchain.
The debate was sparked by a tweet from Calvin Koepke, lead engineer at SundaeSwap Labs, who argued that while some users may not want to use a chain with KYC support on the L1, it will be necessary for mass adoption.
In response to Koepke’s tweet, Cardano enthusiast Alexander Monad expressed his concerns about the potential for a centralized system, stating, “You cannot have KYC exist at the L1 and still have any hope for an open permissionless system.”
Hoskinson then weighed in, defending the idea that a decentralized protocol will have users who write software for their specific needs, regulated and unregulated.
