Cardano founder says India is crypto hater country

Charles Hoskinson explained why the Cardano project never showed significant Inclination toward the Indian Crypto market. 

Cardano is a popular Proof-of-stake (PoS) blockchain network, Known for its ability to provide low-cost & highly efficient crypto transactions. The network of the Cardano Blockchain can be made efficient in terms of transaction fees infinitely. The project team is working on Hydra protocol to make the Cardano blockchain network highly scalable up to 1 million TPS. 

On 7 December, A Cardano fan said that the Cardano project team is doing well across the world but it can do the same in the Indian crypto market to increase awareness about the ability & use case of the Cardano Blockchain network. 

“The same approach could work in #Inditoo…Collaboration with institutes like IITs will help to raise awareness about #Cardano.”

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Charles Hoskinson, the founder of Cardano blockchain, responded and said that India has been a strong anti-crypto country, and many times many Indian government agencies supported the ban on cryptocurrency use, so it is not better to show Inclination toward India. 

India has been strongly anti-crypto, with numerous government attempts to outright ban and criminalize the use of crypto. I'd love to enter the market, but it seems to require someone intimately familiar with it

— Charles Hoskinson (@IOHK_Charles) December 6, 2022

Further Cardano fans noted that such things are not true at ground level in India because Polygon networks like crypto projects are doing well in direct association with government agencies. 

“But on the ground, things are slowly changing. #Ethereum and #Polygon are getting traction. At least from a marketing perspective,” Cardano fan Suraj said.

Polygon & India 

Jayanti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelicare are the co-founders of the Polygon network. The first three people are from India and they are working at their best to bring better use of blockchain technology to digitise traditional online services. 

In the past few years, the Polygon network team established partnerships with many government agencies to make online governance services better.

Read also: ConsenSys says we will never sell any user data we collect

Cardano founder says India is crypto hater country

 

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