Tech News, Magazine & Review WordPress Theme 2017
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX
No Result
View All Result
The Daily Hodl
No Result
View All Result

Charles Hoskinson Blasts Cardano FUD, Says DeFi Projects May Move to ADA

by Daily Hodl Staff
March 23, 2021
in Altcoins, Blockchain
‏‏‎ ‏‏‎ ‏‏‎ ‏‏‎

Cardano creator Charles Hoskinson is addressing the fear, uncertainty, and doubt (FUD) surrounding the fifth-largest cryptocurrency by market cap amid its meteoric rise.

In a new Periscope stream, Hoskinson blasts naysayers for spreading rumors that Cardano is a ghost chain or a platform without a use case.

ADVERTISEMENT

“Despite the fact that we don’t have full programming ability at the base layer, already applications like shoe authentication on New Balance and cattle authentication with BeefChain are using the metadata features of Cardano. Yet they say, ‘What are the DApps running on Cardano?’…

As if smart contracts come and there will be no demand. We’re overwhelmingly subscribed. At the moment, our company has no more capacity to service deal flow that comes in for Cardano. People come to me, unless it’s a super high-value deal, and some have, we jump them up the queue, we say ‘No’ and turn them down.”

Hoskinson invites Cardano critics to look at the long-term picture, and try to see that a road is being paved for Cardano to become the smart contract platform of choice.

ADVERTISEMENT

“If you go to Cardano update, you can see we’re number one for GitHub commits. You can see a huge amount of progress day by day towards that benchmark… After we get there, look at three months to six months, Mary hardfork happens. 1,300 tokens have already been issued on Cardano as predicted. We’ll probably close out the year with 10,000 to 20,000 (tokens), many of which connected to real projects and interesting use and utility, if not more…

Today, right now, Cardano moves as much economic value as Ethereum does despite its market cap being five times smaller. Despite that, our transaction fees are in the thousands of dollars, not $25 million. When smart contracts launch, we will see a gargantuan increase in the amount of value that’s transacted and moved, especially when those multi assets are actually connected to projects and markets that are listed, and our transaction fees will stay very low… because we built the system right.”

The IOHK executive also highlights that he sees a future where decentralized finance (DeFi) projects will move out of Ethereum and into Cardano for efficiency’s sake.

“All this DeFi you see, it’s not loyal to its underlying infrastructure. These businesses are not in the game to make Joe Lubin or Vitalik Buterin money.  They are there to provide a service. If it’s better, faster, and cheaper, with higher liquidity and more users on our chain than another chain, then they’ll migrate over out of self-interest.”

Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines


ADVERTISEMENT


Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Featured Image: Shutterstock/Marko Aliaksandr

Submit a Press Release

Crypto Livewire – Press Releases

  • Hord Announces Quadruple Token Sale via IEO and IDO
    April 22, 2021
  • BitMinutes Announces Partnership With GoodDollar, Embracing Opportunity for Social Good
    April 22, 2021
  • Bitsgap Launches Intuitive Combo AI Bot for Futures Trading
    April 21, 2021
  • eToro Adds Chainlink and Uniswap Amid Investor Surge for Crypto
    April 19, 2021
  • TeraBlock Secures $2.4 Million to Build a Newbie-Friendly Crypto Exchange Powered by Machine Learning
    April 19, 2021
  • BlockSwap Network Announces Balancer LBP and Uniswap LP Incentive
    April 19, 2021
  • Raze Network Completes Triple IDO and Balancer LBP Event
    April 19, 2021
Submit a Guest Post
ADVERTISEMENT
ADVERTISEMENT
Bitcoin
$54,263.00
$54,263.00
2.24%
Ethereum
$2,575.76
$2,575.76
6.54%
Binance Coin
$566.72
$566.72
1.51%
XRP
$1.36
$1.36
0.66%
Polkadot
$35.80
$35.80
0.66%
Cardano
$1.24
$1.24
0.31%

Spotlight

  • Bitcoin’s ‘Excessive Volatility’ Underscores Turkey’s Central Bank Ban on Crypto Payments
    April 18, 2021
  • It’s Dangerous To Be Short on Dogecoin, Says Galaxy Digital’s Mike Novogratz
    April 22, 2021
  • Mike Novogratz Issues XRP and Dogecoin Warning, Says Staggering Amount of Wealth Coming to Crypto
    April 16, 2021
  • Trader Ben Armstrong Is Buying Dogecoin and These Three Altcoins Amid Marketwide Pullback
    April 20, 2021

DON’T MISS A BEAT

Crypto headlines delivered daily
to your inbox
BTC, ETH, XRP news alert options

By joining The Daily Hodl news list you agree to our
Terms and Conditions and Privacy Policy.

Check your inbox for confirmation email.

Cryptocurrency news and analysis, covering Bitcoin, Ethereum, Ripple, XRP, altcoins and blockchain technology

Categories

Bitcoin • Ethereum • Trading •
Ripple and XRP • Altcoins •
Blockchain • Regulators •
Scams • Crypto101 • HodlX • Explore • Futuremash •
Crypto Livewire

ABOUT US | EDITORIAL POLICY | PRIVACY POLICY
TERMS AND CONDITIONS | CONTACT

JOIN US ON TELEGRAM

JOIN US ON TWITTER

JOIN US ON FACEBOOK

COPYRIGHT © 2017-2021 THE DAILY HODL

No Result
View All Result
  • FEATURES
    • News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Altcoins
    • Trading
    • Blockchain
    • Futuremash
    • Regulators
    • Scams
    • Crypto 101
  • HODLX
    • Latest Stories
    • FAQ
    • Submit Your Guest Blog
  • CRYPTO LIVEWIRE
    • Latest
    • Press Releases
    • ChainWire
    • Sponsored Posts
    • Submit Your Content
  • BEGINNERS
    • What Is Bitcoin?
    • What Is Blockchain?
    • What Does Hodl Mean?
    • How to Pay Your Bills with Bitcoin
    • Best Bitcoin FAQs
    • Example of Bitcoin’s Purpose
    • Cryptocurrency Has Multiple Meanings
    • Authenticator Alert – Securing Your Crypto
  • SUBMIT
    • Guest Blog
    • Press release
    • Sponsored post
  • EXPLORE
    • eToro
  • DAILY HODL MIX

© 2020 The Daily Hodl

×