Cardano founder Charles Hoskinson ‘pleased with progress’ – Coin Rivet

Cardano founder Charles Hoskinson said delays were simply the nature of the game when asked about the Ethereum 2.0 deadlock.

Buy and sell crypto with Coin rivet

Sign up in minutes

Buy and sell crypto with Coin Rivet

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.

Disclaimer: The author’s views and opinions should not be construed as financial advice. We do not advise on financial products.

telegram


Share post on

Sonic BTC is reader-supported. When you buy through links on our site, we may earn an affiliate commission.

Cardano worth bullish reversal sample may take ADA in direction of $1.96 – FXStreet Cardano

Cardano worth bullish reversal sample may take ADA in direction of $1.96 – FXStreet

Cardano price has slipped down after breaking above a critical resistance line. A 30%...

By wpadminsonic164
Can Litecoin LTC and Cardano ADA Reverse at $100 and $1?  – FX chief Cardano

Can Litecoin LTC and Cardano ADA Reverse at $100 and $1? – FX chief

Cardano and Litecoin were two of the most bearish cryptocurrencies among the majors. They...

By wpadminsonic164
Cardano

5 cryptocurrencies which can be certain to make Santa’s beautiful listing – Motley Idiot

With only nine days left until the turn of the year 2021, one can...

By wpadminsonic164
Debunked by Coinbase!  That is essentially the most surprising Cardano ADA ANNOUNCEMENT ever!  – Oakland information now Cardano

Debunked by Coinbase! That is essentially the most surprising Cardano ADA ANNOUNCEMENT ever! – Oakland information now

https://www.youtube.com/watch?v=G5QrWh8JEQk [embed]https://www.youtube.com/watch?v=G5QrWh8JEQk[/embed] Oakland news now - Debunked by Coinbase! This is the most shocking...

By wpadminsonic164
Idowall releases IdoWallet for buying and selling and staking Cardano tokens and can checklist Wall tokens on CoinQuora exchanges – Investing.com Cardano

Idowall releases IdoWallet for buying and selling and staking Cardano tokens and can checklist Wall tokens on CoinQuora exchanges – Investing.com

Idowall has released IdoWallet for trading and staking Cardano tokens, discontinued to list wall...

By wpadminsonic164
Can Fantom be in the identical league as Cardano and Solana – AMBCrypto Information Cardano

Can Fantom be in the identical league as Cardano and Solana – AMBCrypto Information

Just 104 days ago, the crypto space experienced one of the most brutal crashes...

By wpadminsonic164
Are you desirous about shopping for Polkadot, Cardano, Chainlink, KickToken or Zum Token?  – Benzinga – Benzinga Cardano

Are you desirous about shopping for Polkadot, Cardano, Chainlink, KickToken or Zum Token? – Benzinga – Benzinga

NEW YORK, December 27, 2021 / PRNewswire / - InvestorsObserver issues critical crypto alerts...

By wpadminsonic164
Cardano

2 Prime Cryptocurrencies to Purchase and Maintain Proper Now – Motley Idiot

Over the past decade, cryptocurrency has effectively conjured a brand new economy out of...

By wpadminsonic164

Latest Posts

Dogecoin

Why Bitcoin, Ethereum, and Dogecoin Are Up Right this moment – Motley Idiot

What happened After a day of sell-offs on Friday, the cryptocurrency market saw some...

By wpadminsonic164
Gold Quintuple Stella May Over $ 2 Million At FUN US Cash Public sale – Coin Seller Publication Stellar

Gold Quintuple Stella May Over $ 2 Million At FUN US Cash Public sale – Coin Seller Publication

An exceptionally rare five-fold gold Stella could top $ 2 million if it is...

By wpadminsonic164
WHAT’S HAPPENING WITH CRYPTOCURRENCY? (BIG NEWS) Videos

WHAT’S HAPPENING WITH CRYPTOCURRENCY? (BIG NEWS)

Let's discuss the LATEST crypto news for bitcoin, ethereum, altcoins, & more! SLAP THE...

By wpadminsonic164
Polkadot value retains assist construction and targets $32 – FXStreet Polkadot

Polkadot value retains assist construction and targets $32 – FXStreet

Polkadot price climbed to 5-month and 2022 lows. DOT enters a supportive buy zone....

By wpadminsonic164
Iran permits cryptocurrencies for use in worldwide settlements, experiences reveal Bitcoin

Iran permits cryptocurrencies for use in worldwide settlements, experiences reveal

Authorities in Iran are preparing to allow the use of cryptocurrencies for international settlements....

By wpadminsonic164
Cardano worth bullish reversal sample may take ADA in direction of $1.96 – FXStreet Cardano

Cardano worth bullish reversal sample may take ADA in direction of $1.96 – FXStreet

Cardano price has slipped down after breaking above a critical resistance line. A 30%...

By wpadminsonic164
Polkadot

Bitcoin battling under $ 49,000: Solana (SOL) is now prime 8, surpassing Polkadot (Market Watch) – CryptoPotato

Bitcoin tried again to hit $ 50,000 in the past 24 hours but was...

By wpadminsonic164
LCX will advance Parachain know-how with technical steering from Parity Applied sciences – WFMZ Allentown Polkadot

LCX will advance Parachain know-how with technical steering from Parity Applied sciences – WFMZ Allentown

BERLIN, September 1, 2021 / PRNewswire / - LCX, led by Parity Technologies, aims...

By wpadminsonic164