cryptonews.net
Cardano founder Charles HOSKINSON recently took to social media platform X to confidently state that the popular proof-of-stake blockchain is still “number 1.” Hoskinson explained that it has a significant advantage in decentralized governance compared to other blockchain projects. Moreover, he noted other “amazing” points on Cardano’s roadmap that further differentiate the blockchain from its competitors.
The recent post comes after Hoskinson highlighted some of the innovations in Cardano earlier this week. These include Ouroboros, Cardano’s consensus mechanism, a self-healing network stack, native asset standards, Hydra, Mithril, and more. Cardano recently successfully launched the Chang hard fork, which initiated the implementation of decentralized governance.
However, despite some technical advances, Cardano’s native token, ADA, has struggled to stay in CoinGecko’s top 10, losing ground to some other projects. At the time of writing, ADA is ranked 12th with a valuation of around $12.5 billion. Some community members have complained about significant losses in response to Hoskinson’s latest comment. However, the Cardano founder has repeatedly dismissed the importance of short-term price action, preferring to focus on the long-term outlook.
Image: Binance Academy