- Charles Hoskinson, CEO of Input-Output (IO), is satisfied with Cardano’s progress so far.
- ADA price increased by 12% after Cardano founder stated “delays are just the nature of the game.”
While speaking with Dan Gambardella from the Crypto Capital Venture YouTube channel, Cardano stressed the fact that “People are overly fixed on the micro picture.”
Pleased with Cardano’s achievement soo far, he went on to say that this perspective doesn’t take into consideration past accomplishments or allow for roadblocks. Especially given the magnitude of the work at hand, which can be defined as using blockchain technology to effect good change on a worldwide scale.
Hoskinson’s statements were a direct response to the community’s dissatisfaction with Cardano’s current dApp offerings. Many individuals expected the ecosystem to be active four months after the Alonzo smart contracts went live.
Hoskinson talked about Cardano’s journey from zero to top ten projects
Hoskinson is impressed with Cardano’s process.
Hoskinson describes Cardano’s success, stating that it moved from zero to one of the top ten projects and was a big factor in defining the research standard for proof-of-stake.
“There are over 100 exchanges, 2 million individuals, 130 dApps in the works, and 2 million assets distributed on them.”
Despite the value since late 2017, Cardano’s founder stated that “many challenges remain.”
Hoskinson explains the delay by stating that there have been major adjustments along the four-year trip. All of this is driving IO to adopt a new strategy, resulting in the delays that everyone complains about.
The delay does not reduce the power in front of it: Hoskinson
Hoskinson used the opportunity to make a comparison to Ethereum, noting that Vitalik Buterin originally predicted a release date for ETH 2.0 in 2018. Buterin’s current estimate is sometime around 2025.
Buterin underlined last week that ETH 2.0 is just about halfway there. The key tasks required in combining the ETH 1.0 – ETH 2.0 chain and enabling sharding, on the other hand, are still being worked out.
Hoskinson wonders if this indicates Ethereum’s performance thus far has been “bad.” He spoke up for himself when it came to building blocking, “No, it’s not, it’s the nature of the game.”
Since the beginning of 2022, Cardano has seen a growth in the number of active users. Similarly, the network has increased the number of commits on Github, following the growth pattern that began in 2021.
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