The Criticism and Response to Cardano
The cryptocurrency market has its fair share of critics, and Cardano (ADA) is no exception. Charles Hoskinson, the founder of Cardano, recently addressed the criticism and proclaimed that Cardano is here to stay.
Main Breakdowns:
- Hoskinson responded to proclamations of Cardano’s death or failure by venture capital coins, the crypto media, and the maxi crowd.
- He highlighted the attributes that set Cardano apart from other blockchains, such as the absence of reboots, slashing, downtime, DAO hacks, and more.
- In the past, Hoskinson defended the Cardano community against accusations of being a cult and praised the platform’s progress.
- He emphasized the plans for 2023, including global workshops, code development, and decentralization efforts.
- The price of ADA currently stands at $0.289, with a decline of 0.29% in the last 24 hours and a 10.14% loss on its monthly chart.
Hot Take:
Charles Hoskinson’s response to criticism demonstrates his unwavering belief in the longevity and potential of Cardano. Despite skeptics, Cardano continues to make progress and differentiate itself from other blockchains. With plans for further development and decentralization, Cardano aims to remain a significant player in the cryptocurrency market.
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