Is Cardano a biggest failure of Ethereum co-founder Hoskinson?
Even after 7 years of hard work, why is Cardano blockchain not standing at that level where it should be?
Charles Hoskinson, one of the co-founders of the Ethereum blockchain, started to work on the Cardano blockchain in 2015 and finally launched the mainnet of the Cardano blockchain in September 2017. In the present time, Cardano blockchain is standing at 7th rank with $18 billion 24 hours global trade volume of its native coin $ADA.
However, the initial aim of Ethereum blockchain and Cardano is different but still, Hoskinson launched Cardano as a rival to Ethereum blockchain because after leaving the Ethereum project he wants to bring his dream of commercial blockchain into reality as the best choice in the whole world.
The current ranking of Cardano is an appreciable level for any crypto project but in reality, Cardano blockchain is not getting that level of respect, which it deserves in this industry and there can be many reasons behind this thing.
Lack of partnership
Since the beginning of the crypto project journey, the Cardano project team did very small partnerships, and also the partnership of Cardano with other projects was limited to a developer teams.
In short, we can say that Cardano didn’t collaborate with any other crypto project, indeed partnered with the crypto developer team.
Use cases of Cardano blockchain
Besides the trading use case of Cardano (ADA), the majority of the people don’t use Cardano as a payment option, despite ADA have the ability to facilitate scalable, efficient & fast transactions, which may be because of lack of popularity.
Cardano founder Hoskinson always tried to promote & push the Cardano use among less developed countries like Tanzania, Ethiopia, South Africa, Nigeria, and Kenya. So basically here the Cardano team needed to promote the Cardano project at a real level in developed countries.
No paid promotion
In the past, the Cardano team never promoted its project, which is not the usual case for other crypto projects. Cardano founder always gives priority to bringing multiple developments to make the Cardano Blockchain better & better.
As we know, no money, no respect & no place for fewer money spenders, and here the same thing goes with the Cardano project.
Last month, Cardano’s founder talked about these things and said that they are not getting better attention because they never paid money to promote the project, and also Cardano was never supported by any VCs.
According to Hoskinson, media outlets are under the control of VCs and these VCs tried to drag the feet of Cardano blockchain through media criticism.
From the point of view of competition in the current phase of the Crypto industry, the Cardano project needed to allocate time & funds for all kinds of work from real-level development works to paid promotional strategies.
Read also: Should Bitcoin follow Ethereum?
