The chief executive officer of the Input Output Hong Kong Global (IOHK) developer team responded to the increasing growth of the Cardano NFTs ecosystem.
Cardano is a popular Proof-of-stake consensus based crypto network and is known for its highly scalable & efficient features in its blockchain ecosystem. Initially this blockchain Network was launched as a rival of Ethereum (ETH) but the basic aim of the Cardano project is to bring blockchain technology useful at a commercial level, which makes it different from Ethereum which is a nonprofit public blockchain network.
In the last two weeks, Cardano blockchain-based NFTs trade saw an increase of 300% in terms of trade volume. In particular, in the last 10 days, 4 million ADA coins jumped into Cardano’s NFTs market.
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In the past 10 days noticed massive growth in the volumes. On 14 Oct, the metric’s value was around 943 million ADA; today, this has increased to a whopping 4 million #ADA, a rise of more than 320% pic.twitter.com/02gfVdKuc8
— Dr. Shweta
(@Dr_shwetaPHD) October 24, 2022
Charles Hoskinson, the founder of Cardano & CEO of IOHK, responded to this growth and said that “Much Ghost Much Chain”
Indeed, Hoskinson dragged the Cardano critics under this rapidly increasing growth of the Cardano Blockchain ecosystem.
In the past, it has been seen several times that the Cardano project was criticized because of its slow development works but the Cardano founder says that Cardano’s native coin ADA distribution was under a fair event where no big companies were involved and it was a big reason that big Venture capitalists (VCs) doesn’t support Cardano and they keep talking about ADA coin in negative ways.
In late September of this year, Cardano’s mainnet went through Vasil Hardfork to bring new development-supportive features in the Cardano blockchain, to make the network scalable up to 1 million transactions per second.
Read also: CFTC boss says Ethereum is a commodity
Hoskinson indirectly criticizes Cardano’s critics following NFTs growth
https://bitcoinik.com/hoskinson-indirectly-criticizes-cardanos-critics-following-nfts-growth/feed/
https://bitcoinik.com/hoskinson-indirectly-criticizes-cardanos-critics-following-nfts-growth/feed/
