Logo
Cardano Ecosystem

Finbold

08/15/2023

·

278 views


Charles Hoskinson reacts to criticism: ‘Cardano is here to stay’

The cryptocurrency market lacks no critics and naysayers, be it in terms of the sector as a whole or the particular cryptocurrency and its underlying network, including Cardano (ADA), the founder of which has...

Charles Hoskinson reacts to criticism: ‘Cardano is here to stay’

The cryptocurrency market lacks no critics and naysayers, be it in terms of the sector as a whole or the particular cryptocurrency and its underlying network, including Cardano (ADA), the founder of which has hit back at the criticism projecting its doom.

As it happens, Charles Hoskinson addressed the attacks on Cardano, particularly the proclamations of its death, irrelevance, or failure by the venture capital (VC) coins, the crypto media, or the maxi crowd, telling them, “Cardano is here to stay” in his X post shared on August 14.

Furthermore, he shared a post by X user St₳kΣ with Pride, who provided a list of things that Cardano does not have, including reboots, slashing, downtime, DAO hacks, inflation bugs, ledger reversals, forks, narrative changes, value changes, value overflow incidents, and low Nakamoto centralization – compared to many other blockchains.

Cardano progress despite skepticism

Back in February, Hoskinson also hit back at the critics who called the Cardano community a cult in view of the discussion on the possible addition of contingent staking to help the crypto industry meet regulatory requirements amid growing scrutiny over the sector.

More recently, in May, the Cardano and Ethereum (ETH) co-founder praised the platform’s progress in the face of criticism, as well as shared the plans for 2023, including global workshops, writing “a ton of really great code,” with a special emphasis on decentralization efforts, which he referred to as a “wake-up call” for the rest of the crypto space.

Meanwhile, the price of ADA at press time stood at $0.289, which represents a decline of 0.29% in the last 24 hours, a drop of 0.97% across the previous seven days, and adds up to the 10.14% loss on its monthly chart, according to the most recent information on August 15.

Featured image via Messari YouTube

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

AD

Delegate Your Voting Power to FEED DRep in Cardano Governance.

DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!


Read Original Article on Finbold

ORIGINAL SOURCE

https://finbold.com/charles-hoskinson-re...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


An image that says Learn Blockchain technology and get ahead in the industry with a link to the Cardano Academy.

More from Finbold

See more
Altcoin Season 2025: Bitcoin Solaris Mobile Mining App Outperforms Major Cryptocurrencies
Finbold
Altcoin Season 2025: Bitcoin Solaris Mobile Mining App Outperforms Major Cryptocurrencies

last Wednesday at 2:00 PM

·

40 views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)