Cardano Is Not a Ghost Chain: Debunking the Myth
Cardano’s founder, Charles Hoskinson, recently addressed claims that Cardano is a “ghost chain” due to a drop in NFT sales. However, he dismissed these claims and found them amusing. Here’s why Cardano is not a ghost chain:
- A ghost chain refers to a blockchain with little to no activity. Cardano has seen over 72.5 million transactions processed, proving constant activity.
- Cardano is home to over 8.6 million native assets, which contradicts the ghost chain narrative.
- The network’s TVL has exceeded $185 million, indicating growing confidence and engagement from the community.
- The number of ADA wallets has surpassed 4.2 million and continues to grow daily, showing the vibrancy of the Cardano community.
Cardano’s strength lies in its community. United by shared values and a vision of a decentralized future, the Cardano community is vibrant, engaged, and growing.
Cardano Development Continues: Introducing Mithril
Cardano is advancing in terms of development with the launch of its stake-based signature protocol, Mithril. This protocol aims to increase node sync efficiency and boost decentralization.
Despite a recent decrease in price, Cardano remains the 8th-largest cryptocurrency with a market cap of over $10.6 billion. It currently sits at $0.3048, 0.17% higher than a week ago.
Cardano’s development and active community demonstrate its resilience and potential for future success.
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