As a seasoned analyst with over two decades of experience in the ever-evolving world of blockchain and cryptocurrencies, I have witnessed numerous projects rise and fall, and some manage to stand tall amidst adversity – Cardano is one such project.
Recently, Cardano’s creator, Charles Hoskinson, has stood up for the Cardano blockchain in response to criticisms voiced on various social media platforms.
In reaction to a critique from an X user about Cardano being called a “muddy protocol,” on August 5th, during the cryptocurrency market downturn, Hoskinson shared a tweet that drew attention to the market’s decline.
An X user reacted to the Cardano founder’s post by saying that “the current price of ADA is irrelevant. What I want is to install Node and other Cardano-related tools on Debian using a package manager” to which another commented that “Cardano was a dirty protocol.”
This harsh remark caught the attention of the Cardano founder, who in response defended the Cardano blockchain, highlighting its elegant design and robust implementation.
Cardano is not a dirty protocol. It’s an elegant masterpiece of protocol design and implementation.
— Charles Hoskinson (@IOHK_Charles) August 5, 2024
Hoskinson asserted that Cardano is not just any ordinary protocol; instead, it’s a beautifully crafted piece of protocol artistry, reflecting his unwavering faith in the Cardano blockchain.
Cardano keeps growing
Despite the criticism, the Cardano ecosystem continues to grow. In a recent post, Cardano builder Input Output Global highlighted growth across the Cardano ecosystem.
In the bustling environment of Cardano, expansion continues to thrive 🌍.
— Input Output (@InputOutputHK) August 6, 2024
On July 26, 2024, the overall worth held on Cardano (Value Locked) rose by approximately 8.8 million, with 1,369 projects now developing on Cardano. The count of token policies went up by 10,778, and the number of native tokens issued grew by about 80,000. Additionally, the number of Plutus scripts expanded by 7,456, bringing the total to 68,734.
In July, there was a significant increase of approximately 1.2 million transactions. Recently, version 9.1.0 of the Cardano node was launched, introducing essential elements for the imminent Chang update.
In version 1.13 of Lace, enhancements and updates for a better user experience were introduced. Meanwhile, Plutus TX has been renamed to Plinth, in order to clearly differentiate it from Plutus Core.
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2024-08-06 19:39