Charles Hoskinson the founder of Cardano who is also the co-founder of Ethereum explains how Cardano was trolled at the start and was referred to as a scam. We know it’s not uncommon for cryptocurrencies and blockchain projects to be the subject of criticism, and hence Cardano was no exception.
Some people may have called Cardano a scam because they don’t believe in the project or because they have a financial interest in another cryptocurrency like the Solana community that really used to mock Cardano.
But we need to understand that these are just opinions and that it’s always a good idea to do your own research before making investment decisions. It’s also important to understand that the Cardano blockchain is designed to be a secure and decentralized platform that prioritizes scalability and sustainability.
This means that it may not be as fast as some other cryptocurrencies that prioritize speed over security as we saw in Solana which got shut down several times in 2022. However, Charles Hoskinson mentioned that the Cardano team is actively working on improving the performance of the network, and it has made significant progress in this regard over the past few years.
Additionally, Hoskinson has also highlighted how famous people used to praise the likes of Sam Bankman-Fried and FTX who were only there to scam people through user funds but Cardano has some other visions.
So, Cardano / ADA Trolled but Now Soaring: Charles Hoskinson, the Founder of Cardano, Sets the Record Straight!
Discover the truth behind the criticisms faced by Cardano and why this blockchain project is destined for greatness. Despite initial doubts, Cardano has proven to be a secure and decentralized platform, prioritizing scalability and sustainability. Charles Hoskinson compares Cardano to Linux and shares his vision of transitioning the project to a permanent open-source system. With GitHub commits surpassing all others, Cardano is poised for rapid growth and success in 2023.
Benefit from the multi-layered architecture, proof-of-stake consensus algorithm, and focus on security and formal verification. Join the silent and confident Cardano community, and be ready for the next bull run with updates on staking and delegations.
If you’re new to the world of cryptocurrencies and blockchain, this video is a must-watch. Charles Hoskinson, a co-founder of Ethereum, talks about the Cardano scam, cryptocurrencies, and more in this frank and honest video. He shares his thoughts on the current state of the blockchain and cryptocurrency market, and warns of the dangers of investing in these high-risk projects.
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