Cardano
Hoskinson Points Out That Network Activity for Cardano Is Second Only to Bitcoin
On Sunday (May 29), Charles Hoskinson, Co-Founder and CEO of Input Output Global (“IOG”), the company responsible for Cardano’s research and development, took a closer look at 24-hour transaction volumes across major blockchains.
Hoskinson sent out that seemed to show that — based on data by Messari — 24-hour transaction volume for Cardano was $9.57 billion, which means that it was second only to that of Bitcoin and higher than that of Ethereum.
Cardano uses Ghost Transaction: it is super effective! https://t.co/bp5ArVdkvn
— Charles Hoskinson (@IOHK_Charles) May 29, 2022
Cardano uses Ghost Transaction: it is super effective! https://t.co/bp5ArVdkvn
— Charles Hoskinson (@IOHK_Charles) May 29, 2022
No idea who you are but I’m sure you got that red icon next to your name for being fair and objective about Cardano pic.twitter.com/Odoi8uabPY
— ADA whale (@cardano_whale) May 30, 2022
One of Cardano’s harshest critics is Mike Alfred, who is Founding board member and first seed investor at Eaglebrook Advisors, which is a tech-driven investment manager specializing in bitcoin and digital assets, who seems to enjoy trolling the Cardano community and who has repeatedly said that the Cardano network has virtually no traffic. Here are a couple of examples:
Still seeing some lingering signs of irrational exuberance and excessive speculation in the market.
— Mike Alfred (@mikealfred) January 17, 2022
For example, a token that no one uses called Cardano is up 10% today. If it was trading on fundamentals, it would be down 98%.
Seriously though, is Cardano finally dead or what? All feedback welcome.
— Mike Alfred (@mikealfred) February 3, 2022
Ethereum is too expensive, Solana is broken, Cardano doesn't even exist. It's a shit show out here in crypto. Thankfully all the talent and interest is flooding in to #Bitcoin now.
— Mike Alfred (@mikealfred) February 3, 2022
