Critics of Cardano (ADA) are persistent in their efforts to sow disinformation about the blockchain, and the company’s creator Charles Hoskinson is standing forward to refute this disinformation with the truth. Hoskinson stated there is a lot of noise in the cryptocurrency market in response to a recent Twitter discussion that was sparked by a YouTube video that claimed Cardano DeFi has no total value locked (TVL) and that institutions are not interested in the protocol.
The outspoken Cardano founder stated that the protocol and its ecosystem are “getting real adoption and growing as an ecosystem under the harshest conditions our industry knows” and advised community members to watch out for a favourable “signal.”
Hoskinson also compared Bitcoin’s development efforts to those of Cardano. He took a shot at those who would point out that the protocol’s management is centralised by claiming that the Cardano blockchain is generating its innovations in a completely decentralised fashion, similar to Bitcoin.
The inventor of Cardano added a comment to one made by community member Chris O, who had previously posted a comparison between Cardano’s TVL and that of other blockchains. Although the screenshot’s source is still unknown, it showed Cardano far ahead of other chains in terms of TVL growth.
Fight for dominance continues
With a broad goal of dominating the non-fungible token (NFT) and decentralised finance (DeFi) ecosystems, among others, continuous building is the objective for Cardano.
The strategy of Cardano is straightforward and is based on encouraging a vastly decentralised network of developers to create practical solutions for everyday use. A number of innovative items have been introduced during the past year to further this objective.
The DJED stablecoin, the Marlowe Smart Contract technology, Hydra Head and its specific wallet, the Cardano Lace Wallet, among other goods, are some of the offerings.
