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Cardano faces criticism despite strong fundamentals
2pm ▪ 3 minute read ▪ by Luc Jose A.
In the world of cryptocurrencies, when we talk about blockchain, we immediately think of Bitcoin or Ethereum. But other blockchains also have great potential. Cardano, founded by Charles Hoskinson, is one of those gems. Convinced that this blockchain is undervalued, Hoskinson promises great things for its future.
Cardano: an underrated blockchain in the crypto universe
The Cardano blockchain has often been in the crosshairs complaints and unfavorable criticism. Recently, its native cryptocurrency, ADA, was labeled a zombie cryptocurrency by Forbes, a category of cryptocurrencies with large market capitalizations but limited real-world utility. This negative perception contrasts sharply with Charles Hoskinson’s opinionwho believes that the project is vastly underestimated.
He expressed his frustration with the lack of positive recognition for Cardano in the media. Charles Hoskinson says Cardano is built on solid foundations, including a rigorous approach to research and development. Despite the criticism, he remains convinced that Cardano’s true value is much higher than its current market valuation.
Cardano: Towards growth with Hydra and Chang Hard Fork
Charles Hoskinson believes that Cardano’s strengths and upcoming projects are key elements that will drive the growth of the ecosystem. One of the major projects is the Chang Hard Fork, a major upgrade aimed at improving governance and community involvement. This update aims to strengthen decentralization and give greater decision-making power to network users.
Among other promising developments is the Hydra scaling solution, designed to significantly increase the network’s transaction capacity. In parallel, Cardano has entered into strategic partnerships with entities such as Midnight and Prism, which are expected to bring further innovation and improve Cardano adoption. Hoskinson also highlights that the rapid growth of decentralized applications (dApps) on Cardano demonstrates the ecosystem’s robustness and long-term viability.
Despite criticism and negative perceptions, Charles Hoskinson remains optimistic about Cardano’s future. With its innovative designs and solid technological foundation, Hoskinson believes Cardano is well positioned to establish itself in the cryptocurrency world. The crypto community should closely monitor upcoming developments related to this blockchain.
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Luc Jose A.
Graduated in Science Po Tolosa and holder of a blockchain certification consultant issued by Alyra, I returned to participate in Cointribune in 2019. Capturing the potential of blockchain to transform numerous sectors of the economy, I have made a commitment to raise awareness and inform the great public about this constantly evolving ecosystem. My goal is to allow anyone to better understand blockchain and learn about the opportunities it offers. I strive every day to provide an objective analysis of current events, to decipher market trends, to convey the latest technological innovations and to put into perspective the economic and social efforts of this revolution in brands.
DISCLAIMER
The views, thoughts and opinions expressed in this article are solely those of the author and should not be relied upon as investment advice. Do your research before making any investment decisions.