Cardano founder Charles Hoskinson said delays were simply the nature of the game when asked about the Ethereum 2.0 deadlock.
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In an interview with Dan Gambardello of Crypto Capital Venture’s YouTube channel, Hoskinson said that in response to Cardano’s lack of dApp offerings, since the Alonzo smart contracts went live four months ago, people have been too focused on the short-term picture.
The CEO of IOHK (Input Output Hong Kong) said that people “get stuck in the tight” and said Cardano is a project “with over 100 exchanges, two million people, 130 dApps under construction and two million assets spent on it” .
Since the introduction of Cardano’s smart contracts, DeFi Lama has only listed one Cardano dApp in MuesliSwap with a blocked total value (TVL) of USD 1,717,279.
Hoskinson spoke about some of the circumstances that had delayed Cardano during his four-year journey and how this affected the progress of the project.
“We had to rewrite the software three times, and there were big changes in architecture and providers. There were approaches that didn’t work, of course there were delays, ”he admitted.
Ethereum 2.o delay
Although Ethereum co-founder Vitalik Buterin originally claimed that 2018 would be the year Ethereum 2.0 would be introduced, Hoskinson said that delays and unresolved tasks were the name of the game and would not detract from what Ethereum has achieved to date.
“Does that mean that everything Ethereum has done and achieved is bad? No, it’s just the nature of the game and you learn things in the process, ”he said.
The Ethereum network is now aiming for 2022 as the year in which it will move from a proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) consensus.
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