- Cardano’s ecosystem grows with 1,369 projects, 80,000 tokens, and increased total value locked.
- Charles Hoskinson defends Cardano’s design amid criticism, citing its robust implementation.
- Cardano’s new updates, including node v.9.1.0, enhance user experience and ecosystem functionality.
Cardano founder Charles Hoskinson recently defended the blockchain’s design against criticism, emphasizing its strengths amid ongoing market fluctuations.
This response came after a user on X criticized Cardano, describing it as a “dirty protocol” amid a downturn in the cryptocurrency market. Hoskinson’s remarks highlighted the ongoing debate around the blockchain’s capabilities and continued growth despite external skepticism.
On August 5, during a period of market volatility, Hoskinson shared a post on X (formerly known as Twitter) regarding the declining prices in the crypto market. A user replied, stating their interest in deploying Cardano tools on Debian using a package manager rather than focusing on ADA’s price.
Another user chimed in, labeling Cardano as a “dirty protocol.” This comment prompted Hoskinson to defend Cardano, describing it as an “elegant masterpiece of protocol design and implementation.” Hoskinson’s reply underscored his confidence in the platform’s innovative approach and robust structure.
Despite the criticism, Cardano’s ecosystem keeps growing, showing the platform’s lasting appeal and technological progress. A recent update from Input Output Global, a primary developer of Cardano, reports that the blockchain ecosystem has seen significant growth in various areas.
As of July 26, 2024, the total value locked on Cardano has increased by $8.8 million, signaling a rising interest in its decentralized finance (DeFi) applications. The number of projects building on Cardano has reached 1,369, marking a substantial rise in developer engagement.
Additionally, the blockchain has created 10,778 new token policies and 80,000 new native tokens, demonstrating its growing utility in the digital asset space.
Cardano has also achieved significant technological milestones, contributing to its ecosystem’s resilience and appeal. Cardano node v.9.1.0 introduced essential features for the upcoming Chang upgrade, highlighting the platform’s commitment to continuous improvement and innovation.
Furthermore, the recent release of Lace v.1.13 enhanced the user interface, user experience, and accessibility. Plutus TX’s rebranding to Plinth clarified distinctions between Plutus TX and Plutus Core, reflecting ongoing efforts to streamline the ecosystem’s components.
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