Charles Hoskinson, the founder of Cardano, has suggested a possible split of the blockchain through a proof-of-burn mechanism following the planned shutdown of TapTools, a key analytics platform in the ecosystem.
The announcement came after TapTools said it would wind down operations over the next two weeks. The platform cited leadership departures, rising costs, and a lack of sustainable funding as reasons for the decision. It had served more than 1 million users and supported hundreds of projects. Hoskinson described the closure as part of a broader issue with Cardano's governance and funding. He noted that he lacks control over the treasury, governance keys, or protocol changes, which limits his ability to support struggling projects. He proposed a
