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There appears to have a been some criticsm of Cardanos' performance . Charles Hoskinson has responded as reported in The Daily Hodl.
"Charles Hoskinson Responds to Cardano Critics Questioning the Platform’s Traction"
Cardano founder and IOHK (Input Output Hong Kong) CEO Charles Hoskinson is responding to critics of the blockchain platform and its native crypto asset, ADA.
Ethereum advocate and owner of This Week in Ethereum, Evan Van Ness, recently scrutinized the number of transactions settled on the Cardano network relative to its market cap.
“Do people realize that Cardano barely does 20,000 transactions per day?
Yet ADA has a valuation of $63 billion despite zero traction a full five years after its initial coin offering (ICO). That’s $1.93 million in valuation per daily transaction.”
A pseudonymous crypto account called Undervalued Cryptos retweeted a set of predictions that Hoskinson made nearly a year ago, and claimed that some of Hoskinson’s predictions have materialized.
A pseudonymous crypto account called Undervalued Cryptos retweeted a set of predictions that Hoskinson made nearly a year ago, and claimed that some of Hoskinson’s predictions have materialized.
Hoskinson says that many applications will roll out on Cardano once the Alonzo smart contract mainnet launches, which is expected to happen in August.
“We’re going to see a lot of apps wake up on the network and have a very big ecosystem grow.
There’s already a lot of plans for native tokens, such as SingularityNET. Many [decentralized finance] applications that are coming… Don’t pay attention to the noise. Follow the facts.”
