Cardano founder Charles Hoskinson recently took to the X social media community to confidently declare that the favored proof-of-stake blockchain remains to be “#1.”
Hoskinson has defined it has a major edge in decentralized governance over different blockchain initiatives.
Furthermore, he has teased different “wonderful” gadgets on the Cardano roadmap that can additional set the blockchain aside from its opponents.
The latest put up comes after Hoskinson highlighted some innovation on Cardano earlier this week. These embrace Ouroboros, Cardano’s consensus mechanism, a self-healing community stack, native asset requirements, Hydra, Mithril, and different developments.
As reported by U.Today, Cardano lately efficiently launched the Chang onerous fork, which initiated the implementation of decentralized governance.
Nonetheless, regardless of a few of its technical milestones, ADA, Cardano’s native token, struggled to stay within the CoinGecko high 10, ceding floor to another initiatives. ADA is presently in twelfth place with a valuation of roughly $12.5 billion.
Some neighborhood members complained about vital losses in response to Hoskinson’s most up-to-date remark.
The Cardano founder, nonetheless, has repeatedly dismissed the significance of short-term worth motion, selecting to deal with the long-term prospects of the Ethereum competitor.
Earlier this yr, the Cardano founder attracted some backlash after predicting that Bitcoin was not going to outlive. This week, Hoskinson took a jab on the neighborhood behind the biggest cryptocurrency, accusing of its members of worshiping MicroStrategy CEO Michael Saylor for merely borrowing cash as a way to purchase Bitcoin.