Charles Hoskinson, the mastermind behind Cardano, has fired back at skeptics, confidently stating that the blockchain technology is here to stay despite the spread of fear, uncertainty, and doubt (FUD).
In a recent post on X platform, Hoskinson expressed his disappointment at the stark contrast between the actual progress of Cardano and how it is portrayed by crypto influencers and the media.
He mentioned that in his entire career, he has never seen such a significant disparity between the tangible achievements of Cardano and the perceptions put forth by influencers and media outlets.
Why Cardano Will Endure Based on Technical Standpoints
Hoskinson emphasized that the Cardano team is on the verge of the most crucial hard fork in the project’s history, known as the Chang hard fork, set to take place in Q2 of this year.
This significant milestone will mark the beginning of a new era of governance for the blockchain, which is the result of years of hard work, extensive testing, and active community involvement.
Additionally, Hoskinson pointed out that the Cardano community is experiencing a rapid growth in decentralized applications (dApps), indicating a flourishing ecosystem that is attracting both developers and users.
Further technical advancements within the Cardano ecosystem include the development of the layer-2 scaling solution Hydra. Hoskinson also revealed ongoing efforts on partner chains such as Midnight and Prism, which are expected to enhance the overall blockchain environment.
Moreover, the Cardano founder highlighted that the project is at the forefront of research and development in scaling within the industry. Despite this progress, critics continue to paint a different picture of Cardano to the public.
Upcoming High-profile Events for Cardano
In addition to these technical achievements, Cardano is gearing up for several major events, including Rare EVO, a blockchain convention scheduled for August 15-17, 2024.
According to Hoskinson, Rare EVO is expected to be a significant gathering bringing together multi-chain projects, industry leaders, investors, and enthusiasts. The event will focus on interoperability and the convergence of traditional industries with Web3 technology.
Hoskinson also mentioned the upcoming Cardano Foundation summit as another important event for the community. He also disclosed that Cardano will be participating in Token 2049, another prominent crypto event, showcasing the project’s commitment to engaging with the broader industry.
Cardano’s Resilience
Despite the numerous positive developments lined up for Cardano in the coming months, Hoskinson acknowledged the challenge of keeping up with them all. However, he expressed frustration at the negative headlines in the crypto media questioning Cardano’s future.
Hoskinson firmly stated, “Cardano is not dying,” emphasizing its strength as a driving force in the industry. He believes that Cardano will tackle real-world economic, political, and social issues head-on, even if it means doing so forcefully.
It is important to note that this content is for informational purposes only and should not be considered financial advice. The views expressed in this article are the author’s personal opinions and do not necessarily reflect The Crypto Basic’s opinion. Readers are advised to conduct thorough research before making any investment decisions, as The Crypto Basic is not liable for any financial losses.
