Cardano founder Charles Hoskinson has once again given a befitting reply to his critics. He said that Cardano’s success should not be measured only by its market price, but by its technical development, utility and social impact.
Table of Contents
- Sharp Response to Critics
- Technical Strengths of Cardano
- Key Developments in Progress
- Community and Social Impact
- Long-Term Vision vs Short-Term Price
- Conclusion
Sharp attack on critics
Recently, many crypto experts and social media users had questioned the utility of Cardano regarding its slow price rise. In response to this, Hoskinson said,
“Some people measure success only by price, but we have built a strong, sustainable and decentralized ecosystem, which will get better over time.”
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Technical strengths of Cardano
Hoskinson also pointed out that Cardano has one of the strongest blockchain platforms in the world, with high scalability, security, and energy-efficiency. He pointed out that new developments are constantly happening on Cardano, such as:
- Hydra Layer 2 solution, which will increase the speed of transactions several times
- Mithril, which will make synchronization of the network easier
- More smart contract and DApp developments that are attracting developers
Community contributions
Charles also praised Cardano’s global community and said that it is not just a blockchain project, but a social movement. Cardano is delivering banking-like services to areas of the world where traditional banking has failed.
Conclusion
This statement by Charles Hoskinson shows that he is not just in the race of cryptocurrency prices, but he wants to create a long-term, sustainable, and socially relevant blockchain ecosystem.
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