Charles Hoskinson has taken a jab at critics of the Cardano blockchain network, calling attention to the protocol’s impressive growth rate.
Cardano is arguably one of the most bashed crypto protocols in Web 3 today. While the reasons it has so many critics are up for debate, Charles Hoskinson notably derives pleasure in silencing the naysayers.
I can't help but watch with glee all the concerns floating around about Cardano's blocks being too full. I recall the ghostchain narrative for years, the no use and utility. Suddenly we are too busy?
In reality, Cardano is designed to operate at these loads and there is a huge…
— Charles Hoskinson (@IOHK_Charles) December 18, 2023
For reference, Cardano’s price is up by 7.44% in the past 24 hours to $0.601, while Bitcoin (BTC) and Ethereum (ETH) have only moved by 4.80% and 3.91% respectively.
Cardano is “Winning” – Charles Hoskinson
In his latest post, he said he “can’t help but watch with glee all the concerns floating around about Cardano’s blocks being too full.” He noted that suddenly, Cardano moved from its tag as a ghost chain to becoming too busy.
I can't help but watch with glee all the concerns floating around about Cardano's blocks being too full. I recall the ghostchain narrative for years, the no use and utility. Suddenly we are too busy?
In reality, Cardano is designed to operate at these loads and there is a huge…
— Charles Hoskinson (@IOHK_Charles) December 18, 2023
As reported earlier by The Crypto Basic, despite its ghost chain status, Cardano recently surpassed the duo of Bitcoin and Ethereum in terms of chain activity in 24 hours.
Per the numbers, while Cardano’s on-chain transaction volume topped $23.56 billion as of December 13, Bitcoin and Ethereum come in at $13.09 billion and $5.06 billion respectively.
As part of his defense of Cardano, Charles Hoskinson noted that Cardano is currently operating at the loads it was designed to operate in.
While it seems a lot is happening within Cardano at the moment, Hoskinson said there is a “huge design space to optimize the network” and allow for scalability in both short and long terms.
According to Charles Hoskinson, Cardano is winning, and it is achieving different milestones without the help of Venture Capital firms, crypto media, and influencers in the space.
Community Attests to Cardano’s Growth
The Cardano founder did not mince words when he highlighted that the protocol generated its success in the old manner, focusing on organic community growth and engagement just like Bitcoin has done from its inception to date.
The comment from Charles Hoskinson was well received by members of the Cardano ecosystem, including Romain Pellerin, the CTO at Input Output HK, the engineering firm behind Cardano.
To bolster the conversation, Pellerin named some community-centered innovations, including Partnerchains and tiered pricing that are under research and development.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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