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Cardano [ADA]’s Charles Hoskinson discusses his concerns for the project

Priyamvada Singh

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Cardano [ADA]'s Charles Hoskinson discusses his concerns for the project
Source: Pixabay

On 11th August, Charles Hoskinson held an unplanned AMA [Ask Me Anything] session on Twitter. The AMA included topics such as the Bitcoin market, the future of cryptocurrencies, the recent feud between Hoskinson and Vitalik Buterin, among others. Here, Hoskinson talked about his concerns regarding Cardano.

The Founder of Cardano began by saying that he has everyday-concerns regarding Cardano as he wakes up and introspects if Haskell was the right choice of code, or if his ambition to execution for Cardano was the right decision. Moreover, he feels that a lot of innovation could have been put into Proof-of-Work [PoW]. In his words:

“The challenge with Cardano was that we went for gold, we went for everything, we said we want the best programmers, the best programming language… We want the best technology, the best consensus protocol, the best governance. The best this, the best that.”

Further, Hoskinson stated that this ambitious approach helped build an all-star team for Cardano. He also believes that the team’s ambition and appetite were ‘grand’. At the time of the team building process, Cardano was able to attract people who did not lean towards the cryptocurrency space but the technology and the possibility of innovation behind it.



Hoskinson recalls the results of working with the team as magical, except that it did not meet with the high hopes of the team in terms of pace. Hence, it began to work harder on the speed at which the project was progressing. This led to a reduction of the earlier mentioned grand appetite of the team to introduce pragmatism into the equation. Here, the Founder cited an example, saying:

“…like for example with Prometheus in the rust library, and that’s okay you know, that’s the reality of these projects. So you know, as a CEO you’re always haunted by the poor choices you made, the mistakes you made… You know these types of things. And you just have to keep moving forward and you have to pivot.”

He stated a good news and a bad news, wherein the good news is that the hard part of over. According to Hoskinson, the bad news is that Cardano is not the market leader yet when it could have been by compromising on its ambition. However, Hoskinson is confident of the direction Cardano is moving in but is haunted by the delays and bad processes acting as a hindrance in the way.





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Priyamvada is a full-time journalist at AMBCrypto. A graduate in Journalism & Communication from Manipal University, she believes blockchain technology to be a revolutionary tool in advancing the future. Currently, she holds no value in cryptocurrencies.

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1 Comment

1 Comment

  1. Avatar

    coinextend

    August 12, 2018 at 5:17 PM

    Cardano does not worry … there will be no worries with the research that has taken place and the expert development team.

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Altcoins

Tron DApp Weekly Report: Gambling apps leads the surge in Tron DApp numbers

Namrata Shukla

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Tron DApp Weekly Report: Tron DApps number led by Gambling apps
Source: Pixabay

Tron, the eleventh largest cryptocurrency on CoinMarketCap, recently collaborated with Bitpie, a partnership that would help startups to bridge the gap in vulnerable financial systems. Tron’s token might be lagging in terms of performance in the market but, Tron DApps continued to surge.

The DApp weekly report released by the Tron Foundation reported an increase of 22 DApps in the Tron ecosystem, taking the total to 392. It noted that gambling DApps mainly contributed to this growth as 17 DApps were gambling-based. Decentralized exchanges followed suit, as 3 new DApps made their way into the Tron DApp ecosystem. The main highlight for the entire Tron community was the partnership with Opera, a mainstream browser.

Tron introduced a DApp ‘Lucky Moon,’ an entertainment-based DApp that pushes users to estimate the current time to run away from the imploding rocket with a specific reward rate. As the rocket takes-off, the reward rate keeps increasing and the player will have to escape at the right time. An extension of this game is ‘Tyrant Annihilation,’ where users need to collect seven types of equipment to kill a tyrant. The DApp might have taken inspiration from The Avengers.



The report made note of the fact that the Tron public chain received support from Aocoin wallet, a decentralized secure digital currency wallet. My Token, a software company that specializes in market information has been integrated into Tronscan and TRX market, leading the way to user traffic in DApps ecosystem.

At press time, Tron was valued at $0.0283 with a market cap of $1.89 billion. The 24-hour trading volume of the coin was noted to be $690.34 as it reported 6.36% growth over the past day. The coin grew by 8.80% over the past seven days, but fell by 0.44% in an hour.





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