Cardano founder says Cardano is future proof design

On Dec 2, 2021

Charles Hoskinson defended the Cardano project as a rival of Ethereum and described the technology of Cardano as future proof.

In The present time, Cardano is the top-level crypto asset after bitcoin and Ethereum by market cap and also in terms of potential technology. However, people are considering Solana as the best rival of Ethereum blockchain in the current situation.

After the introduction of the Smart contract feature in the Cardano blockchain, Cardano is grabbing huge attention in the crypto and blockchain industry in terms of multiple use cases.

At present, there are a total of 7 crypto projects under development and planning to build on the Cardano blockchain network.

Recently a Twitter user pointed out that the Ethereum community criticized Cardano because the Cardano community represented himself as the best alternative to the Ethereum blockchain. On this Charles Hoskinson- CEO and founder of the Cardano project- responded and said that Cardano is a future-proof design project and it doesn’t need to upgrade from its basic version of the technology.

And they are terrified because there doesn't need to be some magical Cardano 2 to survive. It's a future proof design and we are systematically building towards it together with the strongest and most engaged community brick by brick https://t.co/JDOKhAwrZA
— Charles Hoskinson (@IOHK_Charles) November 28, 2021

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So through the tweet, Charles tried to criticize the Ethereum community, which is worried about their existence with proof-of-work consensus and they are planning to shift to Proof-of-stake Consensus.

Cardano recent success with ISPO and high number of transactions

Recently, Charles Hoskinson figured out the success of the ISPO service on the Cardano blockchain.

ISPO is a fundraising method, where the native coin of Cardano (ADA) is allowed to be used to fund the projects. This method of raising funds is not only helping the crypto projects to enter the crypto industry but also Staking of ADA in the projects leads to the locking of tokens. At present around 70% of the circulating supply of Cardano is locked in staking.

Charles Hoskinson also praised the Cardano network because it reached around 20 million transactions without going down in the past.