Cardano founder Charles Hoskinson is curious to know the meaning of the phrase “anything to show for.”
In a tweet yesterday, Cardano founder Charles Hoskinson reacted to critics who claim the prominent blockchain does not have a working product. Yesterday, a Twitter user with the handle @PrrplFrog, noted that Hoskinson and the team behind Cardano have been unable to deliver any functional product for Cardano.
“It’s unbelievable how Charles Hoskinson’s Cardano can get away YEAR after YEAR without anything to show for,” @PrrplFrog said.
The Twitter user asked if Cardano is still in the research phase even though its native coin, ADA, is valued at $13 billion.
Reacting to the comment, Hoskinson said it is bizarre that he has seen similar criticisms on Twitter. The prominent cryptocurrency entrepreneur expressed curiosity about what @PrrplFrog and other critics meant by “anything to show for.”
It's bizarre that I see a lot of these comments on Twitter. I wonder what the definition of anything to show for means to this guy and the others. Honestly curious https://t.co/mpPaymepNN
— Charles Hoskinson (@IOHK_Charles) June 2, 2023
Critics have used different terms to describe Cardano’s progress, ranging from Ghost Chain to Zombie Chain. Interestingly, Hoskinson has always been vocal in responding to these criticisms.
ADA Ranks as Second-Largest Asset By Staking Market Cap
Despite the criticisms, Cardano has continued to make significant progress. ADA was trading at $0.377 at press time, up 2% in the past 24 hours. The cryptocurrency is the eighth-largest cryptocurrency by market capitalization, with a valuation of $13.21 billion.
Furthermore, according to data from Staking Rewards, ADA is also the second-largest crypto asset by staking market cap. Per the data, ADA has a staking market cap of $8,27 billion, with a staking ratio of 60.99%.
In other developments, Marlowe was Audited internally and externally and deployed on the mainnet. Marlowe was designed to simplify the process of building and deploying smart contracts on Cardano.
Hoskinson launched a clinic in Wyoming that accepts payments in Cardano (ADA).
World Mobile announced using Cardano’s blockchain technology for its global expansion moves.
Cardano’s recent development report demonstrated comprehensive work being done behind the scenes.