The founder of Cardano (ISLAND), Charles Hoskinson, returned to comment on urgent issues related to the blockchain project from members of its community. Some questions from a Cardano user were selected by Hoskinson, who ended up clarifying some of the assumptions about the project.
In a recently shared video, Cardano's founder commented on the idea that Cardano needs to have a well-recognized stablecoin to be successful. Hoskinson highlighted that the ecosystem needs to implement stablecoins with better support, however, he highlighted that the Cardano Foundation is already working towards this goal.
In his statements, Hoskinson tore up the idea of strong congestion in the blockchain even with few active users and coins in progress. Even agreeing with the congestion, the ADA founder noted that there are several users and active currencies on the blockchain.
Still on this occasion, Hoskinson emphasized that when congestion occurs, the event does not cause any significant problems for users. The Cardano CEO explained that congestion does not cause an increase in fees or process failure, only leading to delays in transaction settlements, as well as an increase in transaction times.
Interesting Thread https://t.co/1USHIhAc9h
— Charles Hoskinson (@IOHK_Charles) April 1, 2024
It is worth remembering that, recently, Charles Hoskinson reacted to Forbes' criticism by calling Cardano a Zombie Blockchain.
Hoskinson Reacts to Forbes Criticism
Recently, a debate heated up the cryptocurrency ecosystem when an investigation highlighted several platforms, including Cardano, Tezos, Litecoin, Algorand, Monero, Ripple, among others, labeling them “zombies” for supposedly having “few users”. Charles Hoskinson, the visionary behind Cardano, was quick to react, choosing humor as your weapon of defense.
According to revelations from a Forbes team, approximately 50 cryptocurrencies are being traded at valuations above 1 billion dollars, and among these, at least 20 have been classified as “functional zombies”. The article, published on March 27, shed a critical light on these blockchains, describing them as assets of “little use” that lend themselves more to speculative trading than real functions, despite accumulating “treasures full of millions” and are not accountable to shareholders or regulators.
