Saturday, November 26, 2022
'It's not too late to come to Cardano,' Hoskinson mocks Buterin.

‘It’s not too late to come to Cardano,’ Hoskinson mocks Buterin.

by Ricardo Walter

The creator and founder of the Cardano (ADA) blockchain took a playful jab at Vitalik Buterin, one of the founders of the Ethereum (ETH) network, on Twitter.

Hoskinson, an American entrepreneur, was also a co-founder of the Ethereum blockchain platform, which is an interesting fact. On May 17, however, Hoskinson used Twitter to make a snarky comment about his former partner’s network.

This post was a response to Buterin’s Twitter thread in which he discussed the contradictions he found in Ethereum, decentralized finance (DeFi), and democracy in general:

“Contradiction between my desire to see Ethereum become a more Bitcoin-like system emphasizing long-term stability and stability, including culturally, and my realization that getting there requires quite a lot of active coordinated short-term change.”

In addition, Vitalik considered:

“Contradictions between my desire to see Ethereum become an L1 that can survive truly extreme circumstances and my realization that many key apps on Ethereum already rely on far more fragile security assumptions than anything we consider acceptable in Ethereum protocol design.”

Meanwhile, Hoskinson, the CEO of IOHK, has clarified once more that Cardano has nothing to hide in response to critics who have referred to ADA as a “obfuscated scam.”

Concerns have been expressed regarding stablecoins like Deus Finance’s stablecoin Dei (DEI), which also lost its peg, and cryptocurrencies in general in the wake of the “state of collapse” that the UST experienced, which led to the collapse of the Terra ecosystem.

Concerns that Cardano’s ecosystem is missing several essential components have recently reemerged.

Although ADA is valued at more than $20,1 billion, its DeFi ecosystem has a total value locked (TVL) of more than $137 million (without staking of governance assets), whereas detractors assert that Terra’s ecosystem at its peak had a TVL of more than $30 billion.

To this end, Charles Hoskinson divulged what could be deemed the most significant factors contributing to the expansion of Cardano’s ecosystem: “Years of progress, building, and a massive community.”

There are currently 937 Cardano projects in development, which is an increase from the previous number of 925. Cardano has recently seen the launch of eighty-four new projects, bringing the total number of non-fungible tokens (NFTs) projects to 5,549.

Bottom Line : Hoskinson, an American entrepreneur, was also a co-founder of the Cardano platform. He took a playful jab at Vitalik Buterin, one of the founders of the Ethereum ADA) network. Concerns that Cardano’s ecosystem is missing several essential components have recently reemerged. To this end, Charles Hoskinson divulged what could be deemed the most significant factors contributing to the expansion of Cardano’s ecosystem.

Source :

Cardano

Twitter

Finbold

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