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Cardano Ecosystem

Bitcoinik

08/15/2022

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Popular crypto influencer David Gokhshtein talked about the problem of Cardano (ADA)

David Gokhshtein Explains Cardano's Only Problem and Reveals His Holdings in ADA. Read This Full Report

Popular crypto influencer David Gokhshtein talked about the problem of Cardano (ADA)

Last updated Aug 15, 2022

The co-founder of Pac protocol talked about the problem associated with the Cardano project, which is not getting that level of attraction in the crypto industry.

David Gokhshtein is one of the founders of the decentralized crypto project “Pac Protocol”. PAC Protocol works on the foundation of its unique blockchain technology utilizing both proof-of-stake (PoS) and deterministic master nodes to offer instant & efficient crypto transfer ability to the users. Gokhshtein is popularly known as a crypto influencer in the crypto industry.

On 14 August, Gokhshtein tweeted that he is also holding Cardano (ADA) but at the same time he confirmed that it is not too easy to understand the ecosystem of the Cardano blockchain and it is the biggest problem for the new people who are looking to build in Cardano ecosystem.

I’ve held $ADA, but as the weeks have moved on it’s grown on it.

Again, the only problem I have is that it takes a while to understand the ecosystem, which might push away people from building on it.

— David Gokhshtein (@davidgokhshtein) August 14, 2022

The actual problem with the Cardano blockchain 

It is a reality that the Cardano blockchain is much better than any blockchain network in the crypto industry, in terms of efficiency & modern technology. But sad reality also exists here, which is less use of its ecosystem.

The project team of Cardano never spent funds to promote the project and also never worked to collab with other crypto projects. In short, the Project team doesn’t work to make the Cardano project popular and also doesn’t work much to attract developers. 

So even though the Cardano blockchain ecosystem is much better, still the majority of the crypto projects & developers don’t show inclination toward this project. 

Once Cardano founder Charles Hoskinson talked about this issue and he said that the team doesn’t work on trend & promotion but instead works to make the Cardano Blockchain a leading choice for payment transactions at every scale.

Read also: Many Korean banks & crypto exchanges are on the radar of prosecutors

Bitcoin trader & investor since 2013. Love to share valuable information among people who don't believe in Blockchain technology and based cryptocurrency

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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.


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