Cardano Founder Addresses Concerns and Rumors
In a series of messages over the weekend, Charles Hoskinson, the founder of Cardano, addressed various concerns and rumors circulating about the project. He debunked claims about the abandonment of the Hydra protocol and provided updates on partnerships and scaling strategies for the blockchain.
Debunking FUD Surrounding Hydra Protocol
Hoskinson dismissed rumors that the Hydra protocol had been abandoned as baseless fear, uncertainty, and doubt (FUD). He assured the community that the team was highly productive and motivated, with ongoing community engagement and new papers in progress to enhance the protocol. He directed those interested in the project to visit the official Hydra website for the latest information.
Comprehensive Updates on Initiatives
Hoskinson addressed questions about various initiatives and partnerships, providing comprehensive updates:
- The successful deployment of the ERC20 converter facilitated SingularityNETโs transition to Cardano, making it a billion-dollar asset.
- The Africa work continued through John via RealFi company, with successful developer training in Mongolia and concluded pilots with mentioned entities.
Scaling Cardano
Hoskinson encouraged viewers to watch a detailed video outlining Cardanoโs preparedness for scaling challenges. He emphasized Cardanoโs achievements, including over 2300 days of continuous operation, as evidence of its resilience and commitment to founding principles. According to Hoskinson, Cardano is best positioned to meet scaling challenges in a decentralized, secure, and high-integrity manner.
Clarifications on World Mobile Partnership
Hoskinson addressed skepticism and negativity towards Cardano, speculating that it was due to the cycle where people freak out about Cardanoโs potential and roadmap. He provided insights into the partnership with World Mobile, explaining that the project aims to resolve a system at a scale involving billions of users, which no current system in the blockchain ecosystem can accomplish. He clarified that partnerchains are indeed part of Cardano and essential for hypercomplex projects with unique protocols.
Reaffirming Commitment and Strategic Direction
Hoskinsonโs discourse over the weekend not only debunked circulating FUD but also reaffirmed Cardanoโs strategic direction and robust foundation. His statements reinforced the teamโs commitment to scaling the network securely and sustainably while pushing the boundaries of blockchain technologyโs potential.
Hot Take: ADA Trades at $0.696
At press time, ADA, the native cryptocurrency of Cardano, was trading at $0.696.
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