Charles Hoskinson, founder of Cardano, has defended the grand plans and advanced development achieved by the blockchain network, accusing the media and influencers of being “disconnected” from reality.
The prominent mathematician and co-founder of Ethereum and Cardano, Charles Hoskinson, expressed his criticism of the media and crypto influencers for the misinformation they handle about his project, Cardano, which is currently one of the main blockchain ecosystems in the crypto industry, in terms of market capitalization and, also, the first blockchain to be developed with a scientific approach.
“Cardano is here to stay,” Hoskinson emphasized on X (formerly Twitter), after pointing out the constant misinformation that the media and crypto influencers handle about the current development of the project. He assured that headlines like “Will Cardano die?” They only reflect the low quality and little effort that the media and influencers related to the crypto industry put into reporting about its blockchain ecosystem.
Hoskinson fired harsh opinions against the media coverage that has been given to Cardano so far, calling it something “beyond pathetic”.
Cardano is on the verge of its most important update, said Charles Hoskinson
The scientific blockchain, which has been criticized for its “slow” development, is about to undergo its biggest upgrade, Hoskinson said on the social platform, referring to the Chang hard fork and at the beginning of the era of decentralization and governance, Voltaire.
The Cardano co-founder also emphasized that the blockchain network has seen great advances in its construction and development, which make it a solid project that is here to stay. He noted the constant growth of decentralized application ecosystem Cardano (DApps), now home to hundreds of applications focused on value and digital identity, the funding program Catalyst and Constitutional Convention in Argentina, as great efforts to continue driving the constant development and expansion of the project.
Hoskinson also highlighted the solutions Hydra y Midnight as innovations that will not only improve Cardano's scalability and efficiency, but are leading the network to lead innovation in research and development within the cryptocurrency industry. Therefore, although the construction of Cardano may be perceived as “slow” for some, Hoskinson reaffirmed that the project has a team committed to its success and future.
Cardano is an ambitious and innovative project that seeks to solve the challenges of public blockchains. The scientific approach maintained by the network, focused on peer review, phased construction and constant improvement play a vital role in providing end users with highly efficient and scalable solutions.
ADA, the 10th cryptocurrency by capitalization
Currently, Cardano is listed as the tenth most important blockchain and cryptocurrency project on the market, in terms of market capitalization, with a total value of $16.400 billion dollars.
Although the ADA cryptocurrency is trading at an 85% discount from its last all-time high price (ATH), seen in 2021, in the last year the cryptocurrency has experienced significant growth, of around 30% in its value. On the other hand, since its launch in 2017, the ADA price has appreciated by more than 2.000%.
At the time of writing, ADA remains trading around $0,46 per unit.
Source: CoinMarketCap
As reported by this medium, Cardano is preparing for the arrival of the update Chang, which represents a turning point for the future of the network. This update will mark the beginning of the decentralization of Cardano blockchain governance. Chang is part of the Voltaire era, the final stage of blockchain development to become an autonomous and self-sufficient ecosystem, led by its community.
This update, which was initially planned to roll out later this month, will include the CIP-69 enhancement proposal, intended to make the process of developing new DApps simpler for blockchain builders.
